Wealth Management Nebraska Takes $164,000 Position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Wealth Management Nebraska purchased a new position in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 18,909 shares of the investment management company’s stock, valued at approximately $164,000.

A number of other hedge funds also recently modified their holdings of the stock. Quarry LP purchased a new stake in Cornerstone Total Return Fund during the third quarter valued at about $42,000. Oppenheimer & Co. Inc. bought a new stake in shares of Cornerstone Total Return Fund in the third quarter valued at approximately $120,000. Virtu Financial LLC raised its position in shares of Cornerstone Total Return Fund by 70.3% in 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 period. Grimes & Company Inc. lifted its stake in shares of Cornerstone Total Return Fund by 4.9% during the 4th quarter. Grimes & Company Inc. now owns 25,556 shares of the investment management company’s stock valued at $222,000 after buying an additional 1,193 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in Cornerstone Total Return Fund by 21.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 44,295 shares of the investment management company’s stock worth $358,000 after buying an additional 7,935 shares during the period. Institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Down 0.7 %

Cornerstone Total Return Fund stock opened at $8.88 on Friday. The firm has a 50 day simple moving average of $8.04. Cornerstone Total Return Fund, Inc. has a 1-year low of $6.52 and a 1-year high of $9.75.

Cornerstone Total Return Fund Dividend Announcement

The business also recently declared 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 15.78%. 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.