Capital CS Group LLC Makes New Investment in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Capital CS Group LLC bought a new stake in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,046 shares of the investment management company’s stock, valued at approximately $88,000.

A number of other hedge funds have also made changes to their positions in the company. Susquehanna International Group LLP acquired a new position in shares of Cornerstone Total Return Fund during the first quarter valued at approximately $110,000. Boothbay Fund Management LLC raised its holdings in shares of Cornerstone Total Return Fund by 1.0% during the first quarter. Boothbay Fund Management LLC now owns 2,665,317 shares of the investment management company’s stock valued at $19,697,000 after acquiring an additional 25,632 shares during the last quarter. Perennial Investment Advisors LLC acquired a new stake in shares of Cornerstone Total Return Fund in the first quarter valued at approximately $2,666,000. Commonwealth Equity Services LLC increased its holdings in shares of Cornerstone Total Return Fund by 3.5% in the first quarter. Commonwealth Equity Services LLC now owns 148,100 shares of the investment management company’s stock valued at $1,094,000 after purchasing an additional 5,015 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of Cornerstone Total Return Fund in the first quarter valued at approximately $81,000. Institutional investors and hedge funds own 11.96% of the company’s stock.

Insider Activity at Cornerstone Total Return Fund

In related news, Director Matthew Morris sold 40,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $8.43, for a total value of $337,200.00. Following the completion of the sale, the director now owns 44,012 shares of the company’s stock, valued at $371,021.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 12.22% of the company’s stock.

Cornerstone Total Return Fund Stock Down 0.5 %

NYSEAMERICAN:CRF opened at $8.00 on Friday. Cornerstone Total Return Fund, Inc. has a one year low of $6.86 and a one year high of $9.20. The firm has a 50 day moving average of $7.81.

Cornerstone Total Return Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be issued a $0.1173 dividend. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.41 annualized dividend and a dividend yield of 17.60%.

Cornerstone Total Return Fund Profile

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.