StoneX Group Inc. Purchases 88,709 Shares of Cornerstone Total Return Fund, Inc. $CRF

StoneX Group Inc. raised its position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 61.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 233,901 shares of the investment management company’s stock after purchasing an additional 88,709 shares during the quarter. StoneX Group Inc. owned about 0.20% of Cornerstone Total Return Fund worth $1,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kestra Advisory Services LLC increased its position in Cornerstone Total Return Fund by 7.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 30,624 shares of the investment management company’s stock valued at $189,000 after acquiring an additional 2,187 shares during the period. Commonwealth Equity Services LLC boosted its position in Cornerstone Total Return Fund by 8.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 287,799 shares of the investment management company’s stock worth $1,773,000 after acquiring an additional 22,383 shares during the period. Wedbush Securities Inc. bought a new position in shares of Cornerstone Total Return Fund in the third quarter worth $62,000. Firethorn Wealth Partners LLC grew its stake in shares of Cornerstone Total Return Fund by 5.5% in the third quarter. Firethorn Wealth Partners LLC now owns 37,922 shares of the investment management company’s stock worth $234,000 after purchasing an additional 1,963 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Cornerstone Total Return Fund by 3.0% in the third quarter. Farther Finance Advisors LLC now owns 81,978 shares of the investment management company’s stock worth $505,000 after purchasing an additional 2,405 shares in the last quarter. Institutional investors own 10.41% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman Joshua Bradshaw purchased 20,000 shares of the company’s stock in a transaction on Tuesday, October 20th. The shares were bought at an average cost of $5.88 per share, for a total transaction of $117,600.00. Following 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 purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 14.50% of the company’s stock.

Cornerstone Total Return Fund Stock Performance

Shares of NYSEAMERICAN CRF opened at $5.99 on Tuesday. Cornerstone Total Return Fund, Inc. has a fifty-two week low of $5.43 and a fifty-two week high of $8.16. The firm’s 50-day simple moving average is $6.08 and its 200 day simple moving average is $6.91.

Cornerstone Total Return Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Monday, March 15th will be paid a dividend of $0.1022 per share. The ex-dividend date of this dividend is Monday, March 15th. This represents a $1.23 annualized dividend and a yield of 20.5%.

Cornerstone Total Return Fund Company Profile