Boothbay Fund Management LLC Sells 1,766,793 Shares of Cornerstone Total Return Fund, Inc. $CRF

Boothbay Fund Management LLC cut its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 58.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,269,891 shares of the investment management company’s stock after selling 1,766,793 shares during the period. Boothbay Fund Management LLC’s holdings in Cornerstone Total Return Fund were worth $10,172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of CRF. Jane Street Group LLC bought a new position in shares of Cornerstone Total Return Fund in the first quarter valued at approximately $448,000. Cetera Investment Advisers grew its holdings in shares of Cornerstone Total Return Fund by 3.3% in the second quarter. Cetera Investment Advisers now owns 48,911 shares of the investment management company’s stock valued at $379,000 after acquiring an additional 1,551 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew 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 acquiring an additional 3,357 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Cornerstone Total Return Fund by 41.7% in the second quarter. Raymond James Financial Inc. now owns 399,919 shares of the investment management company’s stock valued at $3,099,000 after acquiring an additional 117,775 shares in the last quarter. Finally, Sculptor Capital LP bought a new position in Cornerstone Total Return Fund during the second quarter valued at $18,931,000. 10.41% of the stock is owned by institutional investors.

Cornerstone Total Return Fund Price Performance

Shares of NYSEAMERICAN CRF opened at $7.08 on Thursday. The stock has a fifty day simple moving average of $7.21 and a two-hundred day simple moving average of $7.48. Cornerstone Total Return Fund, Inc. has a 1-year low of $6.56 and a 1-year high of $8.25.

Cornerstone Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.1176 per share. This represents a c) annualized dividend and a yield of 19.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.