Northwestern Mutual Wealth Management Co. Raises Stock Position in Cornerstone Total Return Fund, Inc. $CRF

Northwestern Mutual Wealth Management Co. grew its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 13,390.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 312,716 shares of the investment management company’s stock after buying an additional 310,398 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.27% of Cornerstone Total Return Fund worth $2,505,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Cornerstone Total Return Fund in the 2nd quarter worth $29,000. CoreCap Advisors LLC grew its stake in shares of Cornerstone Total Return Fund by 165.9% in the 4th quarter. CoreCap Advisors LLC now owns 7,272 shares of the investment management company’s stock worth $58,000 after buying an additional 4,537 shares in the last quarter. Kane Investment Management Inc. purchased a new position in shares of Cornerstone Total Return Fund in the 3rd quarter worth $81,000. Kestra Private Wealth Services LLC purchased a new position in shares of Cornerstone Total Return Fund during the 3rd quarter worth about $88,000. Finally, HUB Investment Partners LLC purchased a new position in shares of Cornerstone Total Return Fund during the 3rd quarter worth about $98,000. 10.41% of the stock is owned by hedge funds and other institutional investors.

Cornerstone Total Return Fund Stock Up 0.4%

CRF stock opened at $7.26 on Wednesday. Cornerstone Total Return Fund, Inc. has a 12 month low of $6.56 and a 12 month high of $8.25. The company has a 50-day moving average price of $7.14 and a 200 day moving average price of $7.55.

Cornerstone Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.1176 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 19.4%.

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.