Grimes & Company Inc. Grows Position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Grimes & Company Inc. grew its holdings in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 25,556 shares of the investment management company’s stock after purchasing an additional 1,193 shares during the period. Grimes & Company Inc.’s holdings in Cornerstone Total Return Fund were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CRF. Doliver Advisors LP purchased a new stake in Cornerstone Total Return Fund during the third quarter valued at about $328,000. Prairie Sky Financial Group LLC bought a new position in shares of Cornerstone Total Return Fund during the 3rd quarter valued at about $135,000. Oppenheimer & Co. Inc. purchased a new position in shares of Cornerstone Total Return Fund during the 3rd quarter valued at about $120,000. Rockefeller Capital Management L.P. lifted its position in Cornerstone Total Return Fund by 21.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 44,295 shares of the investment management company’s stock worth $358,000 after buying an additional 7,935 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in Cornerstone Total Return Fund by 70.3% in the third quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company’s stock worth $151,000 after buying an additional 7,696 shares in the last quarter. Hedge funds and other institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Trading Down 0.1 %

Shares of NYSEAMERICAN CRF opened at $8.80 on Monday. Cornerstone Total Return Fund, Inc. has a one year low of $6.52 and a one year high of $9.75. The company’s 50 day simple moving average is $7.98.

Cornerstone Total Return Fund Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be given a $0.1168 dividend. This represents a yield of 16.2%. The ex-dividend date of this dividend is Wednesday, January 15th.

Cornerstone Total Return Fund Company Profile

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.