Laurion Capital Management LP Takes $4.58 Million Position in Cornerstone Total Return Fund Inc (CRF)

Laurion Capital Management LP bought a new position in Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 330,074 shares of the investment management company’s stock, valued at approximately $4,581,000. Laurion Capital Management LP owned about 1.46% of Cornerstone Total Return Fund as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CRF. Credit Suisse AG boosted its stake in shares of Cornerstone Total Return Fund by 9.2% during the 3rd quarter. Credit Suisse AG now owns 134,052 shares of the investment management company’s stock worth $1,861,000 after purchasing an additional 11,252 shares during the period. ING Groep NV purchased a new position in shares of Cornerstone Total Return Fund during the 3rd quarter worth about $4,823,000. Private Advisor Group LLC purchased a new position in shares of Cornerstone Total Return Fund during the 3rd quarter worth about $286,000. Mariner Investment Group LLC purchased a new position in shares of Cornerstone Total Return Fund during the 3rd quarter worth about $651,000. Finally, Ford Financial Group Inc. boosted its stake in shares of Cornerstone Total Return Fund by 49.3% during the 3rd quarter. Ford Financial Group Inc. now owns 100,928 shares of the investment management company’s stock worth $1,404,000 after purchasing an additional 33,328 shares during the period.

CRF stock opened at $11.91 on Friday. Cornerstone Total Return Fund Inc has a 12 month low of $11.11 and a 12 month high of $16.22.

The company also recently declared a monthly dividend, which will be paid on Thursday, February 28th. Investors of record on Friday, February 15th will be paid a dividend of $0.1985 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 20.00%.

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About Cornerstone Total Return Fund

Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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.

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

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