Cornerstone Advisors Inc buys $9,995,479 stake in Alpine Total Dynamic Dividend Fund (AOD)

Alpine Total Dynamic Dividend Fund (AOD) : Cornerstone Advisors Inc scooped up 46,700 additional shares in Alpine Total Dynamic Dividend Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 1,354,401 shares of Alpine Total Dynamic Dividend Fund which is valued at $9,995,479.Alpine Total Dynamic Dividend Fund makes up approximately 2.42% of Cornerstone Advisors Inc’s portfolio.

Other Hedge Funds, Including , Janney Montgomery Scott sold out all of its stake in AOD during the most recent quarter. The investment firm sold 11,865 shares of AOD which is valued $87,564. Ausdal Financial Partners sold out all of its stake in AOD during the most recent quarter. The investment firm sold 1,694 shares of AOD which is valued $12,688.Hilton Capital Management reduced its stake in AOD by selling 15,737 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 1,215,555 shares of AOD which is valued at $9,104,507. Alpine Total Dynamic Dividend Fund makes up approx 3.11% of Hilton Capital Management’s portfolio.

Alpine Total Dynamic Dividend Fund opened for trading at $7.38 and hit $7.445 on the upside on Monday, eventually ending the session at $7.43, with a gain of 0.68% or 0.05 points. The heightened volatility saw the trading volume jump to 3,43,184 shares. Company has a market cap of $768 M.

Alpine Total Dynamic Dividend Fund (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to seek high current dividend income. The Fund also focuses on long-term growth of capital as a secondary investment objective. The Fund invests in equity-linked structured notes. It also invests in equity-linked securities and various other derivative instruments. It invests in sectors such as financials industrials health care information technology consumer staples energy consumer discretionary materials utilities and telecommunication services among others. It invests in countries which include the United States the United Kingdom Switzerland France and Canada. Alpine Woods Capital Investors LLC serves as the Fund’s investment adviser.

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