Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.81 and traded as high as $8.25. Cornerstone Strategic Investment Fund shares last traded at $8.24, with a volume of 1,458,663 shares traded.
Cornerstone Strategic Investment Fund Stock Performance
The company has a fifty day moving average of $8.20 and a two-hundred day moving average of $7.81.
Cornerstone Strategic Investment Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.1224 per share. This represents a c) dividend on an annualized basis and a yield of 17.8%. The ex-dividend date of this dividend is Monday, December 15th.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Stratos Wealth Partners LTD. boosted its stake 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 valued at $2,722,000 after buying an additional 330,195 shares during the period. Tabor Asset Management LP acquired a new position in Cornerstone Strategic Investment Fund in the 1st quarter valued at $4,924,000. US Bancorp DE lifted its position in shares of Cornerstone Strategic Investment Fund by 732,771.4% during the 1st quarter. US Bancorp DE now owns 256,505 shares of the investment management company's stock valued at $1,906,000 after acquiring an additional 256,470 shares during the period. Integrity Alliance LLC. acquired a new stake in shares of Cornerstone Strategic Investment Fund during the 1st quarter worth $388,000. Finally, Almitas Capital LLC bought a new position in shares of Cornerstone Strategic Investment Fund in the first quarter worth $361,000.
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.
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