Cetera Investment Advisers Acquires 225,815 Shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM)

Key Points

• Cetera Investment Advisers increased its holdings in Cornerstone Strategic Investment Fund by 80.8%, owning 505,121 shares valued at approximately $3.75 million by the end of the first quarter.
• The Cornerstone Strategic Investment Fund recently declared a dividend of $0.1224 per share, offering a remarkable yield of 1,783.0%.
• Cornerstone Strategic Investment Fund's stock is currently trading around $8.05, with a 1-year price range between $6.16 and $9.30.

Cetera Investment Advisers increased its holdings in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 80.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 505,121 shares of the investment management company's stock after acquiring an additional 225,815 shares during the quarter. Cetera Investment Advisers owned about 0.21% of Cornerstone Strategic Investment Fund worth $3,753,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new position in shares of Cornerstone Strategic Investment Fund during the fourth quarter valued at $49,000. Valmark Advisers Inc. purchased a new position in Cornerstone Strategic Investment Fund in the first quarter worth about $74,000. Mosaic Family Wealth Partners LLC bought a new position in shares of Cornerstone Strategic Investment Fund in the fourth quarter worth approximately $87,000. Townsquare Capital LLC increased its position in shares of Cornerstone Strategic Investment Fund by 12.2% during the fourth quarter. Townsquare Capital LLC now owns 12,086 shares of the investment management company's stock valued at $104,000 after acquiring an additional 1,317 shares in the last quarter. Finally, Buska Wealth Management LLC raised its holdings in Cornerstone Strategic Investment Fund by 46.4% in the 1st quarter. Buska Wealth Management LLC now owns 16,519 shares of the investment management company's stock worth $123,000 after acquiring an additional 5,239 shares during the last quarter.

Cornerstone Strategic Investment Fund Price Performance

Shares of NYSEAMERICAN CLM traded up $0.04 during midday trading on Friday, hitting $8.16. 579,071 shares of the stock traded hands, compared to its average volume of 1,996,588. Cornerstone Strategic Investment Fund, Inc. has a one year low of $6.16 and a one year high of $9.30. The firm has a 50-day moving average of $8.03 and a two-hundred day moving average of $7.89.

Cornerstone Strategic Investment Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, July 31st. Investors of record on Wednesday, July 16th were paid a dividend of $0.1224 per share. The ex-dividend date was Tuesday, July 15th. This represents a dividend yield of 1,783.0%.

Cornerstone Strategic Investment Fund Company Profile

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.