Mariner Investment Group LLC Invests $834,000 in Cornerstone Total Return Fund Inc (CRF) Stock
Mariner Investment Group LLC purchased a new stake in shares of Cornerstone Total Return Fund Inc (NYSEMKT:CRF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 57,000 shares of the investment management company’s stock, valued at approximately $834,000. Cornerstone Total Return Fund accounts for 0.5% of Mariner Investment Group LLC’s portfolio, making the stock its 23rd largest holding.
Other hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in Cornerstone Total Return Fund during the second quarter valued at about $185,000. Virtu KCG Holdings LLC purchased a new stake in Cornerstone Total Return Fund during the second quarter valued at about $224,000. Citigroup Inc. purchased a new stake in Cornerstone Total Return Fund during the second quarter valued at about $793,000. Ameriprise Financial Inc. grew its position in Cornerstone Total Return Fund by 4.5% during the second quarter. Ameriprise Financial Inc. now owns 64,791 shares of the investment management company’s stock valued at $1,021,000 after acquiring an additional 2,789 shares during the period. Finally, Sit Investment Associates Inc. purchased a new stake in Cornerstone Total Return Fund during the third quarter valued at about $38,369,000.
Shares of Cornerstone Total Return Fund Inc (CRF) traded up $0.06 during midday trading on Monday, hitting $14.91. The stock had a trading volume of 116,744 shares, compared to its average volume of 179,790. Cornerstone Total Return Fund Inc has a 52 week low of $13.62 and a 52 week high of $16.98.
The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th were paid a dividend of $0.2289 per share. This represents a $2.75 annualized dividend and a yield of 18.42%. The ex-dividend date of this dividend was Thursday, October 12th.
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About Cornerstone Total Return Fund
Cornerstone Total Return Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek capital appreciation with current income as a secondary objective. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, consumer discretionary, industrials, energy, consumer staples, materials, telecommunication services, utilities, real estate, exchange-traded funds (ETFs) and others.
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