Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.90 and traded as low as $7.47. Cornerstone Total Return Fund shares last traded at $7.50, with a volume of 1,242,069 shares traded.

Cornerstone Total Return Fund Trading Up 0.7%

The business has a 50-day moving average price of $7.82 and a 200-day moving average price of $7.90.

Cornerstone Total Return Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.1176 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 18.8%.

Institutional Trading of Cornerstone Total Return Fund

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of Cornerstone Total Return Fund in the first quarter worth approximately $448,000. Wolverine Asset Management LLC purchased a new stake in shares of Cornerstone Total Return Fund in the 2nd quarter valued at approximately $138,000. Creative Financial Designs Inc. ADV boosted its stake in Cornerstone Total Return Fund by 9.6% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 36,516 shares of the investment management company’s stock worth $283,000 after purchasing an additional 3,190 shares during the period. Moors & Cabot Inc. acquired a new position in Cornerstone Total Return Fund in the 2nd quarter worth approximately $106,000. Finally, Allworth Financial LP purchased a new position in Cornerstone Total Return Fund during the 2nd quarter worth approximately $67,000. 10.41% of the stock is owned by hedge funds and other institutional investors.

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.