Rivernorth Capital Management LLC Boosts Stock Position in Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF)

Rivernorth Capital Management LLC increased its stake in Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) by 76.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 626,669 shares of the investment management company’s stock after buying an additional 271,209 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Cornerstone Total Return Fund were worth $7,094,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Quad Cities Investment Group LLC lifted its position in Cornerstone Total Return Fund by 57.5% in the 2nd quarter. Quad Cities Investment Group LLC now owns 5,845 shares of the investment management company’s stock valued at $66,000 after acquiring an additional 2,134 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV bought a new position in Cornerstone Total Return Fund in the 2nd quarter valued at approximately $115,000. Rockefeller Capital Management L.P. bought a new position in Cornerstone Total Return Fund in the 1st quarter valued at approximately $194,000. LPL Financial LLC lifted its position in Cornerstone Total Return Fund by 56.4% in the 2nd quarter. LPL Financial LLC now owns 22,124 shares of the investment management company’s stock valued at $250,000 after acquiring an additional 7,975 shares in the last quarter. Finally, Morgan Stanley lifted its position in Cornerstone Total Return Fund by 256.6% in the 2nd quarter. Morgan Stanley now owns 28,460 shares of the investment management company’s stock valued at $323,000 after acquiring an additional 20,478 shares in the last quarter.

CRF stock traded down $0.01 during midday trading on Friday, hitting $11.02. The company’s stock had a trading volume of 5,043 shares, compared to its average volume of 272,723. Cornerstone Total Return Fund Inc has a 12 month low of $9.11 and a 12 month high of $14.02.

Cornerstone Total Return Fund Company Profile

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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Institutional Ownership by Quarter for Cornerstone Total Return Fund (NYSEAMERICAN:CRF)

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