Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Shares Acquired by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC grew its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 380,195 shares of the investment management company’s stock after purchasing an additional 13,186 shares during the period. Perennial Investment Advisors LLC owned approximately 0.37% of Cornerstone Total Return Fund worth $2,985,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Raymond James & Associates raised its holdings in shares of Cornerstone Total Return Fund by 330.1% in the 2nd quarter. Raymond James & Associates now owns 184,770 shares of the investment management company’s stock valued at $1,450,000 after buying an additional 141,815 shares during the period. Commonwealth Equity Services LLC increased its holdings in Cornerstone Total Return Fund by 3.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 204,988 shares of the investment management company’s stock worth $1,539,000 after purchasing an additional 7,020 shares during the period. Main Street Financial Solutions LLC increased its holdings in Cornerstone Total Return Fund by 61.8% during the 4th quarter. Main Street Financial Solutions LLC now owns 26,626 shares of the investment management company’s stock worth $188,000 after purchasing an additional 10,166 shares during the period. Cable Car Capital LLC purchased a new stake in Cornerstone Total Return Fund during the 4th quarter worth about $4,672,000. Finally, StoneX Group Inc. increased its holdings in Cornerstone Total Return Fund by 36.4% during the 1st quarter. StoneX Group Inc. now owns 46,451 shares of the investment management company’s stock worth $349,000 after purchasing an additional 12,391 shares during the period. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Trading Down 0.3 %

Shares of NYSEAMERICAN CRF opened at $7.88 on Tuesday. The business’s 50-day moving average is $7.56. Cornerstone Total Return Fund, Inc. has a 1-year low of $6.05 and a 1-year high of $8.09.

Cornerstone Total Return Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.1037 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 15.79%.

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.