Firethorn Wealth Partners LLC Acquires 1,397 Shares of Cornerstone Total Return Fund, Inc. $CRF

Firethorn Wealth Partners LLC grew its stake in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 4.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 29,957 shares of the investment management company’s stock after purchasing an additional 1,397 shares during the period. Firethorn Wealth Partners LLC’s holdings in Cornerstone Total Return Fund were worth $232,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oppenheimer & Co. Inc. lifted its holdings in shares of Cornerstone Total Return Fund by 9.9% in the first quarter. Oppenheimer & Co. Inc. now owns 22,185 shares of the investment management company’s stock valued at $159,000 after purchasing an additional 2,000 shares in the last quarter. Ieq Capital LLC purchased a new stake in Cornerstone Total Return Fund in the 1st quarter valued at $244,000. Tabor Asset Management LP bought a new position in Cornerstone Total Return Fund during the 1st quarter valued at $2,648,000. Ursa Fund Management LLC purchased a new position in Cornerstone Total Return Fund during the 1st quarter worth $359,000. Finally, Cetera Investment Advisers boosted its holdings in Cornerstone Total Return Fund by 15.4% during the 1st quarter. Cetera Investment Advisers now owns 47,360 shares of the investment management company’s stock worth $340,000 after acquiring an additional 6,324 shares during the last quarter. 10.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cornerstone Total Return Fund

In other news, Director Matthew Morris sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $7.90, for a total value of $276,500.00. Following the transaction, the director owned 11,468 shares in the company, valued at $90,597.20. The trade was a 75.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 53,273 shares of company stock worth $420,309. 12.22% of the stock is owned by company insiders.

Cornerstone Total Return Fund Stock Performance

Shares of CRF stock opened at $8.10 on Friday. The firm has a 50-day moving average of $7.89 and a 200-day moving average of $7.49. Cornerstone Total Return Fund, Inc. has a one year low of $5.81 and a one year high of $9.75.

Cornerstone Total Return Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.1168 dividend. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a yield of 17.3%.

About Cornerstone Total Return Fund

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.