SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Makes New $326,000 Investment in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 37,569 shares of the investment management company’s stock, valued at approximately $326,000.

Other large investors have also modified their holdings of the company. Winebrenner Capital Management LLC purchased a new stake in Cornerstone Total Return Fund in the 4th quarter valued at about $956,000. Oppenheimer & Co. Inc. acquired a new position in shares of Cornerstone Total Return Fund in the 3rd quarter valued at $120,000. Atria Wealth Solutions Inc. grew its stake in shares of Cornerstone Total Return Fund by 6.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 168,557 shares of the investment management company’s stock valued at $1,465,000 after buying an additional 10,272 shares during the period. Chicago Partners Investment Group LLC increased its holdings in shares of Cornerstone Total Return Fund by 4.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 77,104 shares of the investment management company’s stock worth $687,000 after buying an additional 3,097 shares during the last quarter. Finally, Wealth Management Nebraska acquired a new position in Cornerstone Total Return Fund in the fourth quarter valued at $164,000. 10.41% of the stock is currently owned by institutional investors and hedge funds.

Cornerstone Total Return Fund Price Performance

CRF stock opened at $7.59 on Wednesday. The firm’s 50-day moving average price is $8.53. Cornerstone Total Return Fund, Inc. has a 12-month low of $6.52 and a 12-month high of $9.75.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.1168 dividend. This represents a $1.40 annualized dividend and a dividend yield of 18.47%. The ex-dividend date is Monday, June 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.