Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report)'s share price passed 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 changing hands.
Cornerstone Strategic Investment Fund Stock Performance
The business has a 50 day moving average of $7.83 and a 200 day moving average of $7.95.
Cornerstone Strategic Investment Fund Announces Dividend
The business also recently announced a dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be given a $0.1224 dividend. This represents a dividend yield of 17.83%. The ex-dividend date of this dividend is Tuesday, July 15th.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Cohen & Steers Inc. boosted its holdings in shares of Cornerstone Strategic Investment Fund by 11.0% during the 4th quarter. Cohen & Steers Inc. now owns 607,198 shares of the investment management company's stock valued at $5,216,000 after acquiring an additional 60,000 shares in the last quarter. Kane Investment Management Inc. purchased a new position in shares of Cornerstone Strategic Investment Fund in the 4th quarter worth approximately $332,000. HighTower Advisors LLC purchased a new stake in Cornerstone Strategic Investment Fund in the 4th quarter worth about $1,022,000. Stratos Wealth Partners LTD. lifted its holdings in shares of Cornerstone Strategic Investment Fund by 913.7% in the first quarter. Stratos Wealth Partners LTD. now owns 366,334 shares of the investment management company's stock worth $2,722,000 after buying an additional 330,195 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Cornerstone Strategic Investment Fund by 32.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 247,311 shares of the investment management company's stock valued at $2,124,000 after purchasing an additional 60,888 shares during the last quarter.
About Cornerstone Strategic Investment Fund
(
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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