Main Street Financial Solutions LLC Sells 14,290 Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Main Street Financial Solutions LLC decreased its position in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 31.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,853 shares of the investment management company’s stock after selling 14,290 shares during the period. Main Street Financial Solutions LLC’s holdings in Cornerstone Total Return Fund were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Mariner LLC lifted its stake in shares of Cornerstone Total Return Fund by 8.2% during the 4th quarter. Mariner LLC now owns 15,016 shares of the investment management company’s stock worth $130,000 after acquiring an additional 1,134 shares during the last quarter. Virtu Financial LLC grew its holdings in shares of Cornerstone Total Return Fund by 70.3% in the third quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company’s stock worth $151,000 after purchasing an additional 7,696 shares during the last quarter. Wealth Management Nebraska bought a new position in Cornerstone Total Return Fund in the 4th quarter worth about $164,000. Oppenheimer & Co. Inc. grew its stake in Cornerstone Total Return Fund by 35.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 20,185 shares of the investment management company’s stock worth $175,000 after acquiring an additional 5,325 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new position in shares of Cornerstone Total Return Fund during the fourth quarter worth approximately $188,000. Institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Trading Up 1.8 %

Shares of NYSEAMERICAN CRF opened at $6.72 on Friday. Cornerstone Total Return Fund, Inc. has a 52-week low of $5.81 and a 52-week high of $9.75. The stock has a 50 day moving average price of $7.67 and a 200 day moving average price of $8.08.

Cornerstone Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.1168 dividend. This represents a $1.40 annualized dividend and a dividend yield of 20.86%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.