Main Street Financial Solutions LLC Purchases 13,702 Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Main Street Financial Solutions LLC raised its position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 46.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,247 shares of the investment management company’s stock after purchasing an additional 13,702 shares during the period. Main Street Financial Solutions LLC’s holdings in Cornerstone Total Return Fund were worth $339,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Voisard Asset Management Group Inc. acquired a new position in shares of Cornerstone Total Return Fund in the second quarter valued at approximately $73,000. Wedbush Securities Inc. acquired a new position in shares of Cornerstone Total Return Fund in the second quarter valued at approximately $106,000. Virtu Financial LLC acquired a new position in shares of Cornerstone Total Return Fund in the fourth quarter valued at approximately $182,000. BCR Wealth Strategies LLC acquired a new position in shares of Cornerstone Total Return Fund in the second quarter valued at approximately $344,000. Finally, StoneX Group Inc. boosted its holdings in shares of Cornerstone Total Return Fund by 36.4% in the first quarter. StoneX Group Inc. now owns 46,451 shares of the investment management company’s stock valued at $349,000 after buying an additional 12,391 shares during the period. Institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Down 0.6 %

Shares of CRF opened at $7.91 on Friday. Cornerstone Total Return Fund, Inc. has a 12 month low of $6.05 and a 12 month high of $8.12. The stock’s fifty day simple moving average is $7.56.

Cornerstone Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.1037 per share. This represents a $1.24 annualized dividend and a yield of 15.74%. The ex-dividend date of this dividend is Monday, December 16th.

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.