52,160 Shares in Cornerstone Strategic Investment Fund, Inc. $CLM Bought by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC purchased 52,160 shares of Cornerstone Strategic Investment Fund, Inc. valued at approximately $388,000 in the 1st quarter of the year.
• Several hedge funds increased their stakes in Cornerstone Strategic Investment Fund, with Stratos Wealth Partners LTD. boosting its holdings by an impressive 913.7%.
• The fund declared a monthly dividend of $0.1224 per share, resulting in an annualized yield of 17.7%, payable on December 31st.

Integrity Alliance LLC. acquired a new position in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,160 shares of the investment management company's stock, valued at approximately $388,000.

Other institutional investors also recently bought and sold shares of the company. Alpine Global Management LLC lifted its position in shares of Cornerstone Strategic Investment Fund by 6.7% in the fourth quarter. Alpine Global Management LLC now owns 6,301,760 shares of the investment management company's stock worth $54,132,000 after buying an additional 393,853 shares during the last quarter. Tabor Asset Management LP acquired a new stake in Cornerstone Strategic Investment Fund in the 1st quarter worth approximately $4,924,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Cornerstone Strategic Investment Fund by 28.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 521,955 shares of the investment management company's stock worth $3,878,000 after purchasing an additional 114,302 shares during the last quarter. Cetera Investment Advisers boosted its position in Cornerstone Strategic Investment Fund by 80.8% during the first quarter. Cetera Investment Advisers now owns 505,121 shares of the investment management company's stock worth $3,753,000 after purchasing an additional 225,815 shares during the period. Finally, Stratos Wealth Partners LTD. grew its holdings in Cornerstone Strategic Investment Fund by 913.7% during 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 purchasing an additional 330,195 shares during the last quarter.

Cornerstone Strategic Investment Fund Trading Up 1.2%

Shares of NYSEAMERICAN:CLM traded up $0.10 during trading on Thursday, reaching $8.21. The stock had a trading volume of 603,914 shares, compared to its average volume of 1,938,534. The stock has a fifty day simple moving average of $8.12 and a two-hundred day simple moving average of $7.73. Cornerstone Strategic Investment Fund, Inc. has a 52 week low of $6.16 and a 52 week high of $9.30.

Cornerstone Strategic Investment Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.1224 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 17.9%.

Cornerstone Strategic Investment Fund 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.