Grimes & Company Inc. Acquires 1,193 Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Grimes & Company Inc. lifted its holdings in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,556 shares of the investment management company’s stock after purchasing an additional 1,193 shares during the period. Grimes & Company Inc.’s holdings in Cornerstone Total Return Fund were worth $222,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. purchased a new stake in Cornerstone Total Return Fund in the third quarter worth $120,000. Doliver Advisors LP purchased a new stake in Cornerstone Total Return Fund in the 3rd quarter worth about $328,000. Prairie Sky Financial Group LLC bought a new stake in Cornerstone Total Return Fund in the 3rd quarter valued at about $135,000. Chicago Partners Investment Group LLC lifted its holdings in Cornerstone Total Return Fund by 7.0% during the third quarter. Chicago Partners Investment Group LLC now owns 74,007 shares of the investment management company’s stock valued at $616,000 after purchasing an additional 4,835 shares during the last quarter. Finally, Virtu Financial LLC lifted its holdings in Cornerstone Total Return Fund by 70.3% during the third quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company’s stock valued at $151,000 after purchasing an additional 7,696 shares during the last quarter. 10.41% of the stock is owned by hedge funds and other institutional investors.

Cornerstone Total Return Fund Price Performance

CRF opened at $8.80 on Monday. The stock has a 50-day simple moving average of $7.98. Cornerstone Total Return Fund, Inc. has a twelve month low of $6.52 and a twelve month high of $9.75.

Cornerstone Total Return Fund Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a dividend of $0.1168 per share. The ex-dividend date is Wednesday, January 15th. This represents a yield of 16.2%.

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.