Cornerstone Total Return Fund, Inc. $CRF Shares Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC lifted its position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 4.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,775,870 shares of the investment management company’s stock after buying an additional 113,934 shares during the quarter. Cornerstone Total Return Fund makes up about 0.4% of Boothbay Fund Management LLC’s holdings, making the stock its 18th largest holding. Boothbay Fund Management LLC’s holdings in Cornerstone Total Return Fund were worth $21,513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Red Tortoise LLC acquired a new stake in Cornerstone Total Return Fund during the 2nd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. lifted its stake in Cornerstone Total Return Fund by 902.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,729 shares of the investment management company’s stock worth $29,000 after acquiring an additional 3,357 shares in the last quarter. Anfield Capital Management LLC acquired a new stake in Cornerstone Total Return Fund during the 2nd quarter worth about $52,000. Allworth Financial LP purchased a new position in Cornerstone Total Return Fund during the 2nd quarter valued at about $67,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Cornerstone Total Return Fund during the second quarter worth approximately $88,000. 10.41% of the stock is currently owned by hedge funds and other institutional investors.

Cornerstone Total Return Fund Trading Up 0.3%

Cornerstone Total Return Fund stock opened at $8.00 on Friday. Cornerstone Total Return Fund, Inc. has a twelve month low of $5.81 and a twelve month high of $9.12. The firm’s 50 day moving average price is $7.98 and its two-hundred day moving average price is $7.86.

Cornerstone Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a $0.1176 dividend. This represents a c) annualized dividend and a yield of 17.6%. The ex-dividend date of this dividend is Monday, March 16th.

Cornerstone Total Return Fund 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.