Atria Wealth Solutions Inc. Sells 114,620 Shares of Cornerstone Total Return Fund, Inc. $CRF

Atria Wealth Solutions Inc. decreased its position in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 69.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 51,398 shares of the investment management company’s stock after selling 114,620 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Cornerstone Total Return Fund were worth $404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. grew its stake in shares of Cornerstone Total Return Fund by 9.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 22,185 shares of the investment management company’s stock worth $159,000 after acquiring an additional 2,000 shares during the period. Ieq Capital LLC bought a new position in shares of Cornerstone Total Return Fund during the 1st quarter worth $244,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Cornerstone Total Return Fund during the 2nd quarter worth $88,000. Tabor Asset Management LP purchased a new stake in Cornerstone Total Return Fund during the 1st quarter worth about $2,648,000. Finally, Ursa Fund Management LLC purchased a new stake in Cornerstone Total Return Fund during the 1st quarter worth about $359,000. Institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Price Performance

Shares of CRF opened at $7.99 on Tuesday. The stock’s 50-day simple moving average is $7.95 and its 200 day simple moving average is $7.56. Cornerstone Total Return Fund, Inc. has a 52-week low of $5.81 and a 52-week high of $9.75.

Cornerstone Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.1168 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 17.5%.

Insider Transactions at Cornerstone Total Return Fund

In related news, Director Matthew Morris sold 35,000 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $7.90, for a total transaction of $276,500.00. Following the sale, the director owned 11,468 shares of the company’s stock, valued at approximately $90,597.20. This represents a 75.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 53,273 shares of company stock worth $420,309. Corporate insiders own 14.50% of the company’s stock.

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.