Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Share Price Passes Below 200-Day Moving Average of $0.00

Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as low as $11.09. Cornerstone Total Return Fund shares last traded at $11.15, with a volume of 6,423 shares trading hands.

Large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Cornerstone Total Return Fund by 251.3% during the second quarter. Royal Bank of Canada now owns 19,977 shares of the investment management company’s stock worth $226,000 after acquiring an additional 14,290 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Cornerstone Total Return Fund by 18.0% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 116,562 shares of the investment management company’s stock worth $1,320,000 after acquiring an additional 17,806 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Cornerstone Total Return Fund during the second quarter worth about $135,000. Rivernorth Capital Management LLC increased its stake in shares of Cornerstone Total Return Fund by 76.3% during the second quarter. Rivernorth Capital Management LLC now owns 626,669 shares of the investment management company’s stock worth $7,094,000 after acquiring an additional 271,209 shares during the period. Finally, Morgan Stanley increased its stake in shares of Cornerstone Total Return Fund by 256.6% during the second quarter. Morgan Stanley now owns 28,460 shares of the investment management company’s stock worth $323,000 after acquiring an additional 20,478 shares during the period.

About Cornerstone Total Return Fund (NYSEAMERICAN:CRF)

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.

Further Reading: How analysts view the yield curve

Receive News & Ratings for Cornerstone Total Return Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone Total Return Fund and related companies with MarketBeat.com's FREE daily email newsletter.