Insider Buying: Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) President Buys $11,460.00 in Stock

Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) President Ralph W. Bradshaw bought 1,000 shares of Cornerstone Total Return Fund stock in a transaction that occurred on Tuesday, February 11th. The stock was bought at an average price of $11.46 per share, for a total transaction of $11,460.00.

Shares of CRF stock opened at $11.28 on Friday. Cornerstone Total Return Fund Inc has a one year low of $10.55 and a one year high of $12.25.

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.1796 dividend. This represents a $2.16 annualized dividend and a yield of 19.11%. The ex-dividend date of this dividend is Friday, June 12th.

A number of hedge funds have recently made changes to their positions in CRF. Ford Financial Group Inc. boosted its holdings in Cornerstone Total Return Fund by 24.0% in the third quarter. Ford Financial Group Inc. now owns 170,537 shares of the investment management company’s stock valued at $1,874,000 after acquiring an additional 32,966 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Cornerstone Total Return Fund by 256.6% during the 2nd quarter. Morgan Stanley now owns 28,460 shares of the investment management company’s stock worth $323,000 after buying an additional 20,478 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Cornerstone Total Return Fund by 251.3% during the 2nd quarter. Royal Bank of Canada now owns 19,977 shares of the investment management company’s stock worth $226,000 after buying an additional 14,290 shares in the last quarter. Creative Planning bought a new position in shares of Cornerstone Total Return Fund during the 4th quarter worth approximately $156,000. Finally, Mid Atlantic Financial Management Inc. ADV boosted its holdings in shares of Cornerstone Total Return Fund by 83.2% during the 4th quarter. Mid Atlantic Financial Management Inc. ADV now owns 28,400 shares of the investment management company’s stock worth $312,000 after buying an additional 12,900 shares in the last quarter.

About Cornerstone Total Return Fund

Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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.

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