Fisher Asset Management LLC Lowers Stock Holdings in Cornerstone Total Return Fund, Inc. $CRF

Fisher Asset Management LLC reduced its position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 85.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,508 shares of the investment management company’s stock after selling 74,727 shares during the quarter. Fisher Asset Management LLC’s holdings in Cornerstone Total Return Fund were worth $97,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CRF. Cetera Investment Advisers boosted its stake in shares of Cornerstone Total Return Fund by 15.4% in the first quarter. Cetera Investment Advisers now owns 47,360 shares of the investment management company’s stock valued at $340,000 after purchasing an additional 6,324 shares during the period. Sit Investment Associates Inc. purchased a new position in Cornerstone Total Return Fund in the 1st quarter valued at approximately $251,000. Ieq Capital LLC acquired a new position in shares of Cornerstone Total Return Fund in the first quarter worth $244,000. Ursa Fund Management LLC acquired a new position in shares of Cornerstone Total Return Fund in the first quarter worth $359,000. Finally, Jane Street Group LLC purchased a new stake in shares of Cornerstone Total Return Fund during the first quarter worth $448,000. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Trading Down 0.6%

Shares of NYSEAMERICAN CRF opened at $7.97 on Tuesday. The business’s fifty day simple moving average is $7.99 and its 200-day simple moving average is $7.84. Cornerstone Total Return Fund, Inc. has a 12-month low of $5.81 and a 12-month high of $9.65.

Cornerstone Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.1176 dividend. This represents a c) annualized dividend and a dividend yield of 17.7%. The ex-dividend date is Monday, March 16th.

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.