Prairie Sky Financial Group LLC Takes Position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Prairie Sky Financial Group LLC purchased a new position in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,663 shares of the investment management company’s stock, valued at approximately $135,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Voisard Asset Management Group Inc. acquired a new stake in Cornerstone Total Return Fund in the second quarter valued at approximately $73,000. Wedbush Securities Inc. acquired a new stake in Cornerstone Total Return Fund in the 2nd quarter valued at $106,000. Virtu Financial LLC purchased a new stake in Cornerstone Total Return Fund in the 4th quarter worth $182,000. Doliver Advisors LP purchased a new position in Cornerstone Total Return Fund during the third quarter valued at $328,000. Finally, Main Street Financial Solutions LLC grew its position in shares of Cornerstone Total Return Fund by 46.4% in the second quarter. Main Street Financial Solutions LLC now owns 43,247 shares of the investment management company’s stock valued at $339,000 after purchasing an additional 13,702 shares during the period. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Price Performance

NYSEAMERICAN CRF opened at $8.47 on Tuesday. The company has a fifty day moving average price of $7.59. Cornerstone Total Return Fund, Inc. has a one year low of $6.05 and a one year high of $8.47.

Cornerstone Total Return Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.1037 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 14.70%.

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.