Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF – Get Free Report) hit a new 52-week low on Tuesday. The company traded as low as $5.85 and last traded at $5.8650, with a volume of 129,702 shares trading hands. The stock had previously closed at $5.89.
Cornerstone Total Return Fund Trading Up 1.5%
The firm has a fifty day simple moving average of $6.29 and a 200-day simple moving average of $6.86.
Cornerstone Total Return Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.1176 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 23.7%.
Insider Buying and Selling at Cornerstone Total Return Fund
In related news, Vice Chairman Joshua Bradshaw purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The stock was acquired at an average price of $5.88 per share, with a total value of $117,600.00. Following the completion of the transaction, the insider owned 20,484 shares of the company’s stock, valued at $120,445.92. This represents a 4,132.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.22% of the company’s stock.
Institutional Trading of Cornerstone Total Return Fund
Several institutional investors have recently added to or reduced their stakes in CRF. Ascentis Independent Advisors bought a new position in Cornerstone Total Return Fund during the 1st quarter valued at $33,000. Allworth Financial LP acquired a new stake in shares of Cornerstone Total Return Fund in the 2nd quarter valued at about $62,000. Two Sigma Securities LLC bought a new position in shares of Cornerstone Total Return Fund during the second quarter worth about $72,000. Concurrent Investment Advisors LLC bought a new position in shares of Cornerstone Total Return Fund during the second quarter worth about $81,000. Finally, Money Concepts Capital Corp bought a new position in shares of Cornerstone Total Return Fund during the first quarter worth about $88,000. 10.41% of the stock is owned by institutional investors and hedge funds.
About Cornerstone Total Return Fund
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