Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.94 and traded as low as $7.65. Cornerstone Total Return Fund shares last traded at $7.68, with a volume of 1,581,799 shares.

Cornerstone Total Return Fund Stock Down 0.9%

The firm’s 50-day moving average is $7.97 and its two-hundred day moving average is $7.94.

Institutional Trading of Cornerstone Total Return Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRF. Northwestern Mutual Wealth Management Co. lifted its position in Cornerstone Total Return Fund by 902.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,729 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 3,357 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in Cornerstone Total Return Fund in the second quarter valued at approximately $29,000. Anfield Capital Management LLC bought a new position in Cornerstone Total Return Fund in the second quarter valued at approximately $52,000. CoreCap Advisors LLC boosted its stake in Cornerstone Total Return Fund by 165.9% in the fourth quarter. CoreCap Advisors LLC now owns 7,272 shares of the investment management company’s stock valued at $58,000 after acquiring an additional 4,537 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in Cornerstone Total Return Fund during the 2nd quarter worth $67,000. 10.41% of the stock is currently owned by institutional investors and hedge funds.

Cornerstone Total Return Fund Company Profile

Cornerstone Total Return Fund (NYSE American: CRF) is a diversified, closed-end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. Since its initial public offering in 1989, the fund has offered investors exposure to a broad range of fixed-income and equity-related securities, leveraging a total-return strategy. Its shares trade on the NYSE American exchange, providing daily liquidity in a closed-end format.

The fund’s principal investment approach involves allocating assets across convertible securities, high-yield corporate debt, bank loans and common equities.