Winebrenner Capital Management LLC Invests $956,000 in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Winebrenner Capital Management LLC purchased a new stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 110,001 shares of the investment management company’s stock, valued at approximately $956,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quarry LP acquired a new stake in Cornerstone Total Return Fund during the 3rd quarter worth approximately $42,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Cornerstone Total Return Fund during the third quarter worth approximately $120,000. Virtu Financial LLC raised its stake in shares of 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 worth $151,000 after purchasing an additional 7,696 shares during the last quarter. Wealth Management Nebraska acquired a new stake in shares of Cornerstone Total Return Fund during the fourth quarter worth $164,000. Finally, Grimes & Company Inc. grew its position in Cornerstone Total Return Fund by 4.9% in 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 during the last quarter. Hedge funds and other institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Performance

Shares of CRF opened at $8.88 on Friday. Cornerstone Total Return Fund, Inc. has a 1 year low of $6.52 and a 1 year high of $9.75. The firm has a fifty day moving average price of $8.04.

Cornerstone Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.1168 per share. The ex-dividend date is Monday, June 16th. This represents a $1.40 annualized dividend and a yield of 15.78%.

Cornerstone Total Return Fund Company 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.