Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Shares Cross Below 200-Day Moving Average – Here’s Why

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.91 and traded as low as $7.64. Cornerstone Total Return Fund shares last traded at $7.70, with a volume of 1,098,080 shares trading hands.

Cornerstone Total Return Fund Stock Up 0.5%

The company has a fifty day moving average of $6.97 and a 200 day moving average of $7.91.

Cornerstone Total Return Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.1168 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a yield of 19.85%.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Cornerstone Total Return Fund in the 4th quarter worth $26,000. Quarry LP raised its stake in shares of Cornerstone Total Return Fund by 35.8% during the 4th quarter. Quarry LP now owns 7,022 shares of the investment management company’s stock worth $61,000 after purchasing an additional 1,853 shares during the period. Valmark Advisers Inc. purchased a new position in Cornerstone Total Return Fund in the first quarter valued at approximately $86,000. Brookwood Investment Group LLC bought a new stake in shares of Cornerstone Total Return Fund in the first quarter valued at $90,000. Finally, Mariner LLC raised its stake in Cornerstone Total Return Fund by 8.2% in the 4th quarter. Mariner LLC now owns 15,016 shares of the investment management company’s stock valued at $130,000 after acquiring an additional 1,134 shares during the period. Institutional investors own 10.41% of the company’s stock.

About Cornerstone Total Return Fund

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.