Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Shares Down 4.4% – What’s Next?

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) shares were down 4.4% on Wednesday . The company traded as low as $6.95 and last traded at $6.8850. Approximately 2,038,188 shares were traded during trading, an increase of 2% from the average daily volume of 2,006,622 shares. The stock had previously closed at $7.20.

Cornerstone Total Return Fund Price Performance

The business’s 50 day simple moving average is $7.91 and its 200 day simple moving average is $7.93.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.1176 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 20.3%.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Cornerstone Total Return Fund by 902.4% in the second 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 last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Cornerstone Total Return Fund during the 2nd quarter worth approximately $29,000. Anfield Capital Management LLC bought a new stake in Cornerstone Total Return Fund in the 2nd quarter valued at $52,000. CoreCap Advisors LLC increased its position in Cornerstone Total Return Fund by 165.9% during the 4th quarter. CoreCap Advisors LLC now owns 7,272 shares of the investment management company’s stock worth $58,000 after buying an additional 4,537 shares during the period. Finally, Allworth Financial LP bought a new stake in shares of Cornerstone Total Return Fund in the second quarter valued at about $67,000. Institutional investors own 10.41% of the company’s stock.

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.