Creative Financial Designs Inc. ADV Has $760,000 Holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Creative Financial Designs Inc. ADV grew its position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,427 shares of the investment management company’s stock after purchasing an additional 1,690 shares during the period. Creative Financial Designs Inc. ADV owned about 0.08% of Cornerstone Total Return Fund worth $760,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in Cornerstone Total Return Fund during the 4th quarter valued at approximately $1,470,000. Winebrenner Capital Management LLC acquired a new position in shares of Cornerstone Total Return Fund in the 4th quarter worth approximately $956,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in shares of Cornerstone Total Return Fund in the 4th quarter worth approximately $326,000. HighTower Advisors LLC acquired a new position in shares of Cornerstone Total Return Fund in the 4th quarter worth approximately $190,000. Finally, Independent Advisor Alliance acquired a new position in shares of Cornerstone Total Return Fund in the 4th quarter worth approximately $188,000. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Price Performance

Shares of CRF opened at $7.30 on Wednesday. Cornerstone Total Return Fund, Inc. has a 1 year low of $6.52 and a 1 year high of $9.75. The stock has a 50 day simple moving average of $8.44 and a 200-day simple moving average of $8.22.

Cornerstone Total Return Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.1168 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 19.20%.

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.