Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.95 and traded as high as $8.02. Cornerstone Strategic Investment Fund shares last traded at $7.98, with a volume of 657,607 shares traded.
Cornerstone Strategic Investment Fund Stock Performance
The stock has a 50-day moving average of $7.83 and a 200 day moving average of $7.95.
Cornerstone Strategic Investment Fund Dividend Announcement
The firm also recently announced a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be paid a dividend of $0.1224 per share. The ex-dividend date is Tuesday, July 15th. This represents a yield of 17.83%.
Institutional Investors Weigh In On Cornerstone Strategic Investment Fund
A number of institutional investors have recently modified their holdings of the company. Alpine Global Management LLC grew its stake in shares of Cornerstone Strategic Investment Fund by 6.7% in the fourth quarter. Alpine Global Management LLC now owns 6,301,760 shares of the investment management company's stock valued at $54,132,000 after buying an additional 393,853 shares in the last quarter. LPL Financial LLC grew its stake in Cornerstone Strategic Investment Fund by 37.2% during the 4th quarter. LPL Financial LLC now owns 1,306,485 shares of the investment management company's stock worth $11,223,000 after purchasing an additional 354,086 shares in the last quarter. Absolute Investment Advisers LLC acquired a new position in Cornerstone Strategic Investment Fund during the 2nd quarter worth $9,980,000. Tabor Asset Management LP acquired a new position in Cornerstone Strategic Investment Fund during the 1st quarter worth $4,924,000. Finally, TrueMark Investments LLC grew its stake in Cornerstone Strategic Investment Fund by 6.2% during the 4th quarter. TrueMark Investments LLC now owns 647,416 shares of the investment management company's stock worth $5,561,000 after purchasing an additional 37,784 shares in the last quarter.
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.
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