Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Vice Chairman Acquires $117,600.00 in Stock

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Vice Chairman Joshua Bradshaw purchased 20,000 shares of Cornerstone Total Return Fund stock in a transaction on Tuesday, October 20th. The shares were acquired at an average price of $5.88 per share, with a total value of $117,600.00. Following the transaction, the insider directly owned 20,484 shares in the company, valued at $120,445.92. This trade represents a 4,132.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cornerstone Total Return Fund Price Performance

NYSEAMERICAN:CRF opened at $5.78 on Friday. Cornerstone Total Return Fund, Inc. has a 1 year low of $5.78 and a 1 year high of $8.16. The business has a fifty day moving average of $6.24 and a 200-day moving average of $6.84.

Cornerstone Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a dividend of $0.1176 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.41 annualized dividend and a yield of 24.4%.

Hedge Funds Weigh In On Cornerstone Total Return Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wedbush Securities Inc. acquired a new position in Cornerstone Total Return Fund during the third quarter worth about $62,000. Firethorn Wealth Partners LLC raised its position in Cornerstone Total Return Fund by 5.5% in the third quarter. Firethorn Wealth Partners LLC now owns 37,922 shares of the investment management company’s stock worth $234,000 after acquiring an additional 1,963 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Cornerstone Total Return Fund by 3.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 81,978 shares of the investment management company’s stock valued at $505,000 after acquiring an additional 2,405 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in Cornerstone Total Return Fund by 149.2% in the 3rd quarter. CoreCap Advisors LLC now owns 35,072 shares of the investment management company’s stock valued at $216,000 after acquiring an additional 21,000 shares during the last quarter. Finally, Mallini Complete Financial Planning LLC lifted its holdings in Cornerstone Total Return Fund by 2.3% in the 3rd quarter. Mallini Complete Financial Planning LLC now owns 87,687 shares of the investment management company’s stock valued at $540,000 after acquiring an additional 2,011 shares during the last quarter. 10.41% of the stock is owned by institutional investors.

About Cornerstone Total Return Fund