Cornerstone Strategic Investment Fund, Inc. (
NYSEAMERICAN:CLM -
Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.75 and traded as high as $8.34. Cornerstone Strategic Investment Fund shares last traded at $8.33, with a volume of 994,651 shares traded.
Cornerstone Strategic Investment Fund Price Performance
The business has a fifty day moving average of $8.15 and a 200-day moving average of $7.75.
Cornerstone Strategic Investment Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.1224 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 17.6%. The ex-dividend date is Monday, December 15th.
Hedge Funds Weigh In On Cornerstone Strategic Investment Fund
Several large investors have recently bought and sold shares of CLM. Sculptor Capital LP purchased a new stake in shares of Cornerstone Strategic Investment Fund during the 2nd quarter valued at $21,653,000. Absolute Investment Advisers LLC purchased a new position in Cornerstone Strategic Investment Fund during the 2nd quarter valued at about $9,980,000. Thomas J. Herzfeld Advisors Inc. grew its holdings in Cornerstone Strategic Investment Fund by 1,109.3% during the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,074,966 shares of the investment management company's stock valued at $8,729,000 after buying an additional 986,074 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Cornerstone Strategic Investment Fund by 29.3% during the 2nd quarter. Osaic Holdings Inc. now owns 3,493,550 shares of the investment management company's stock valued at $28,367,000 after acquiring an additional 791,583 shares during the last quarter. Finally, Tabor Asset Management LP bought a new stake in shares of Cornerstone Strategic Investment Fund during the 1st quarter valued at about $4,924,000.
Cornerstone Strategic Investment Fund Company Profile
(
Get Free Report)
Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cornerstone Strategic Investment Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cornerstone Strategic Investment Fund wasn't on the list.
While Cornerstone Strategic Investment Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here

We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.