Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Stock Passes Below 200 Day Moving Average – What’s Next?

Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.94 and traded as low as $7.90. Cornerstone Total Return Fund shares last traded at $7.91, with a volume of 1,124,580 shares trading hands.

Cornerstone Total Return Fund Stock Down 0.6%

The business’s 50 day simple moving average is $7.97 and its two-hundred day simple moving average is $7.94.

Cornerstone Total Return Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.1176 per share. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 17.8%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in Cornerstone Total Return Fund during the first quarter worth $448,000. Wealth Enhancement Advisory Services LLC purchased a new position in Cornerstone Total Return Fund during the 2nd quarter worth $88,000. PFG Investments LLC grew its stake in shares of Cornerstone Total Return Fund by 33.3% in the 2nd quarter. PFG Investments LLC now owns 179,492 shares of the investment management company’s stock worth $1,391,000 after acquiring an additional 44,811 shares in the last quarter. Firethorn Wealth Partners LLC raised its holdings in shares of Cornerstone Total Return Fund by 4.9% in the second quarter. Firethorn Wealth Partners LLC now owns 29,957 shares of the investment management company’s stock valued at $232,000 after purchasing an additional 1,397 shares during the last quarter. Finally, Red Tortoise LLC bought a new position in shares of Cornerstone Total Return Fund during the second quarter valued at about $25,000. Institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Company Profile

Cornerstone Total Return Fund (NYSE American: CRF) is a diversified, closed-end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. Since its initial public offering in 1989, the fund has offered investors exposure to a broad range of fixed-income and equity-related securities, leveraging a total-return strategy. Its shares trade on the NYSE American exchange, providing daily liquidity in a closed-end format.

The fund’s principal investment approach involves allocating assets across convertible securities, high-yield corporate debt, bank loans and common equities.