Insider Selling: Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Director Sells 13,000 Shares of Stock

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Director Matthew Morris sold 13,000 shares of the firm’s stock in a transaction dated Friday, September 17th. The stock was sold at an average price of $12.68, for a total value of $164,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Cornerstone Total Return Fund stock opened at $12.74 on Thursday. Cornerstone Total Return Fund, Inc. has a 52 week low of $10.29 and a 52 week high of $13.65.

The company also recently announced a monthly dividend, which will be paid on Friday, December 31st. Investors of record on Wednesday, December 15th will be issued a dividend of $0.1537 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 14.48%. The ex-dividend date of this dividend is Tuesday, December 14th.

Several institutional investors have recently added to or reduced their stakes in the stock. DCM Advisors LLC lifted its holdings in shares of Cornerstone Total Return Fund by 9.5% during the second quarter. DCM Advisors LLC now owns 11,500 shares of the investment management company’s stock worth $131,000 after purchasing an additional 1,000 shares during the period. Morgan Stanley lifted its holdings in shares of Cornerstone Total Return Fund by 11.5% during the second quarter. Morgan Stanley now owns 21,038 shares of the investment management company’s stock worth $239,000 after purchasing an additional 2,165 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Cornerstone Total Return Fund by 11.8% during the second quarter. Creative Financial Designs Inc. ADV now owns 31,918 shares of the investment management company’s stock worth $362,000 after purchasing an additional 3,360 shares during the period. UBS Group AG lifted its holdings in shares of Cornerstone Total Return Fund by 180.0% during the first quarter. UBS Group AG now owns 6,300 shares of the investment management company’s stock worth $84,000 after purchasing an additional 4,050 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Cornerstone Total Return Fund by 58.1% during the second quarter. Commonwealth Equity Services LLC now owns 19,985 shares of the investment management company’s stock worth $226,000 after purchasing an additional 7,347 shares during the period. 19.17% of the stock is owned by hedge funds and other institutional investors.

About Cornerstone Total Return Fund

Cornerstone Total Return Fund, Inc operates as a closed-end investment fund, which engages in seeking capital appreciation with current income. The company was founded on March 16, 1973 and is headquartered in Cincinnati, OH.

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