Almitas Capital LLC purchased a new stake in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,565 shares of the investment management company's stock, valued at approximately $361,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Grimes & Company Inc. increased its position in Cornerstone Strategic Investment Fund by 4.9% in the 1st quarter. Grimes & Company Inc. now owns 44,886 shares of the investment management company's stock valued at $334,000 after acquiring an additional 2,088 shares during the period. Aptus Capital Advisors LLC increased its position in shares of Cornerstone Strategic Investment Fund by 1.2% during the first quarter. Aptus Capital Advisors LLC now owns 215,052 shares of the investment management company's stock worth $1,598,000 after buying an additional 2,559 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of Cornerstone Strategic Investment Fund by 22.1% during the first quarter. Kestra Private Wealth Services LLC now owns 20,279 shares of the investment management company's stock worth $151,000 after buying an additional 3,666 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Cornerstone Strategic Investment Fund by 8.2% during the first quarter. Envestnet Asset Management Inc. now owns 51,549 shares of the investment management company's stock worth $383,000 after buying an additional 3,896 shares during the period. Finally, Buska Wealth Management LLC increased its position in shares of Cornerstone Strategic Investment Fund by 46.4% during the first quarter. Buska Wealth Management LLC now owns 16,519 shares of the investment management company's stock worth $123,000 after buying an additional 5,239 shares during the period.
Cornerstone Strategic Investment Fund Trading Up 0.2%
Shares of CLM traded up $0.02 during trading hours on Friday, hitting $8.21. 1,191,576 shares of the stock were exchanged, compared to its average volume of 1,368,068. Cornerstone Strategic Investment Fund, Inc. has a fifty-two week low of $6.16 and a fifty-two week high of $9.30. The business has a 50-day moving average of $8.12 and a 200-day moving average of $7.79.
Cornerstone Strategic Investment Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.1224 per share. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 17.9%.
About Cornerstone Strategic Investment Fund
(
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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