Ieq Capital LLC purchased a new stake in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 54,535 shares of the investment management company's stock, valued at approximately $405,000.
Several other institutional investors and hedge funds have also recently modified their holdings of CLM. Stifel Financial Corp increased its stake in shares of Cornerstone Strategic Investment Fund by 49.8% in the 4th quarter. Stifel Financial Corp now owns 42,118 shares of the investment management company's stock valued at $362,000 after purchasing an additional 14,008 shares in the last quarter. Alpine Global Management LLC increased its stake in shares of Cornerstone Strategic Investment Fund by 6.7% in the 4th quarter. Alpine Global Management LLC now owns 6,301,760 shares of the investment management company's stock valued at $54,132,000 after purchasing an additional 393,853 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Cornerstone Strategic Investment Fund by 111.4% in the 4th quarter. Bank of America Corp DE now owns 197,934 shares of the investment management company's stock valued at $1,700,000 after purchasing an additional 104,296 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of Cornerstone Strategic Investment Fund by 64.5% in the 4th quarter. CoreCap Advisors LLC now owns 48,156 shares of the investment management company's stock valued at $414,000 after purchasing an additional 18,874 shares in the last quarter. Finally, Sculptor Capital LP purchased a new position in shares of Cornerstone Strategic Investment Fund in the 4th quarter valued at about $1,560,000.
Cornerstone Strategic Investment Fund Price Performance
Shares of Cornerstone Strategic Investment Fund stock traded down $0.02 on Wednesday, hitting $8.18. The company's stock had a trading volume of 1,282,226 shares, compared to its average volume of 1,358,756. Cornerstone Strategic Investment Fund, Inc. has a 1 year low of $6.16 and a 1 year high of $9.30. The firm has a fifty day moving average price of $8.12 and a 200-day moving average price of $7.77.
Cornerstone Strategic Investment Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.1224 per share. This represents a c) annualized dividend and a yield of 18.0%. The ex-dividend date is Monday, December 15th.
Cornerstone Strategic Investment Fund Profile
(
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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