Oppenheimer & Co. Inc. Takes $120,000 Position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Oppenheimer & Co. Inc. acquired a new stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,860 shares of the investment management company’s stock, valued at approximately $120,000.

Several other large investors have also made changes to their positions in the business. Chicago Partners Investment Group LLC boosted its holdings in Cornerstone Total Return Fund by 7.0% during the third quarter. Chicago Partners Investment Group LLC now owns 74,007 shares of the investment management company’s stock worth $616,000 after buying an additional 4,835 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Cornerstone Total Return Fund by 2.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 85,737 shares of the investment management company’s stock worth $694,000 after buying an additional 2,273 shares in the last quarter. Prairie Sky Financial Group LLC purchased a new stake in Cornerstone Total Return Fund during the third quarter worth $135,000. Doliver Advisors LP purchased a new stake in Cornerstone Total Return Fund during the third quarter worth $328,000. Finally, Sea Otter Advisors LLC purchased a new stake in Cornerstone Total Return Fund during the second quarter worth $785,000. 10.41% of the stock is owned by hedge funds and other institutional investors.

Cornerstone Total Return Fund Stock Up 1.1 %

NYSEAMERICAN:CRF opened at $9.01 on Friday. The business’s fifty day moving average is $7.68. Cornerstone Total Return Fund, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $9.25.

Cornerstone Total Return Fund Announces Dividend

The firm also recently announced a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.1168 dividend. This represents a dividend yield of 16.7%. The ex-dividend date of this dividend is Friday, March 14th.

Cornerstone Total Return Fund Profile

Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations.