Perennial Investment Advisors LLC Raises Stock Position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Perennial Investment Advisors LLC grew its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 6.3% in the 4th quarter, HoldingsChannel reports. The firm owned 402,653 shares of the investment management company’s stock after purchasing an additional 23,973 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Cornerstone Total Return Fund were worth $3,499,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its stake in shares of Cornerstone Total Return Fund by 21.8% in the third quarter. Rockefeller Capital Management L.P. now owns 44,295 shares of the investment management company’s stock valued at $358,000 after acquiring an additional 7,935 shares in the last quarter. Quarry LP acquired a new stake in Cornerstone Total Return Fund in the 3rd quarter valued at about $42,000. Virtu Financial LLC raised its position in Cornerstone Total Return Fund by 70.3% in the 3rd quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company’s stock valued at $151,000 after purchasing an additional 7,696 shares in the last quarter. Grimes & Company Inc. boosted its stake in shares of 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 period. Finally, Chicago Partners Investment Group LLC grew its position in shares of Cornerstone Total Return Fund by 4.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 77,104 shares of the investment management company’s stock worth $687,000 after buying an additional 3,097 shares in the last quarter. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Performance

CRF stock opened at $6.62 on Friday. Cornerstone Total Return Fund, Inc. has a fifty-two week low of $6.44 and a fifty-two week high of $9.75. The company’s 50 day moving average price is $8.09 and its 200 day moving average price is $8.16.

Cornerstone Total Return Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.1168 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 21.17%.

About Cornerstone Total Return Fund

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.