Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Sees Large Volume Increase

Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw unusually-strong trading volume on Monday . Approximately 1,482,844 shares traded hands during trading, an increase of 124% from the previous session’s volume of 660,993 shares.The stock last traded at $7.28 and had previously closed at $7.58.

Cornerstone Total Return Fund Trading Up 0.6 %

The business has a 50-day simple moving average of $7.18.

Cornerstone Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.1037 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.24 annualized dividend and a dividend yield of 17.38%.

Institutional Trading of Cornerstone Total Return Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG grew its stake in shares of Cornerstone Total Return Fund by 4,940.5% in the third quarter. UBS Group AG now owns 4,234 shares of the investment management company’s stock worth $34,000 after purchasing an additional 4,150 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Cornerstone Total Return Fund during the first quarter valued at approximately $81,000. Jane Street Group LLC bought a new position in shares of Cornerstone Total Return Fund during the fourth quarter valued at approximately $88,000. Citadel Advisors LLC purchased a new stake in Cornerstone Total Return Fund in the second quarter worth $102,000. Finally, Envestnet Asset Management Inc. bought a new stake in Cornerstone Total Return Fund in the fourth quarter valued at $104,000. Institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Company 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.