ING Groep NV purchased a new position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 355,389 shares of the investment management company’s stock, valued at approximately $5,199,000. ING Groep NV owned approximately 2.69% of Cornerstone Total Return Fund as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CRF. Sit Investment Associates Inc. purchased a new stake in Cornerstone Total Return Fund in the 3rd quarter worth $38,369,000. Mariner Investment Group LLC purchased a new stake in Cornerstone Total Return Fund in the 3rd quarter worth $834,000. Citigroup Inc. purchased a new stake in Cornerstone Total Return Fund in the 2nd quarter worth $793,000. Virtu KCG Holdings LLC purchased a new stake in Cornerstone Total Return Fund in the 2nd quarter worth $224,000. Finally, Private Advisor Group LLC purchased a new position in shares of Cornerstone Total Return Fund during the second quarter valued at about $185,000.

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Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) remained flat at $$14.69 during trading on Thursday. 102,600 shares of the stock traded hands, compared to its average volume of 221,788. Cornerstone Total Return Fund, Inc. has a 52-week low of $13.62 and a 52-week high of $16.98.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th will be given a dividend of $0.2301 per share. The ex-dividend date of this dividend is Friday, January 12th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 18.80%.

About Cornerstone Total Return Fund

Cornerstone Total Return Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek capital appreciation with current income as a secondary objective. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, consumer discretionary, industrials, energy, consumer staples, materials, telecommunication services, utilities, real estate, exchange-traded funds (ETFs) and others.

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Institutional Ownership by Quarter for Cornerstone Total Return Fund (NYSEAMERICAN:CRF)

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