Chicago Partners Investment Group LLC Has $595,000 Position in Cornerstone Total Return Fund, Inc. $CRF

Chicago Partners Investment Group LLC trimmed its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRFFree Report) by 3.4% during the second quarter, Holdings Channel reports. The firm owned 75,791 shares of the investment management company’s stock after selling 2,700 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Cornerstone Total Return Fund were worth $595,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CRF. Red Tortoise LLC bought a new stake in Cornerstone Total Return Fund during the 2nd quarter worth approximately $25,000. Valmark Advisers Inc. purchased a new position in Cornerstone Total Return Fund in the first quarter valued at approximately $86,000. Wealth Enhancement Advisory Services LLC purchased a new position in Cornerstone Total Return Fund in the second quarter valued at approximately $88,000. Brookwood Investment Group LLC purchased a new position in Cornerstone Total Return Fund in the first quarter valued at approximately $90,000. Finally, Oppenheimer & Co. Inc. lifted its stake in 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 during the last quarter. 10.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Matthew Morris sold 35,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $7.90, for a total transaction of $276,500.00. Following the transaction, the director directly owned 11,468 shares of the company’s stock, valued at approximately $90,597.20. This trade represents a 75.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 53,273 shares of company stock worth $420,309 in the last quarter. Company insiders own 14.50% of the company’s stock.

Cornerstone Total Return Fund Trading Down 0.5%

Cornerstone Total Return Fund stock opened at $7.95 on Wednesday. Cornerstone Total Return Fund, Inc. has a 12 month low of $5.81 and a 12 month high of $9.75. The business’s 50 day simple moving average is $7.95 and its 200 day simple moving average is $7.56.

Cornerstone Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.1168 per share. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 17.6%.

About Cornerstone Total Return Fund

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CRF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRFFree Report).

Institutional Ownership by Quarter for Cornerstone Total Return Fund (NYSEAMERICAN:CRF)

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