Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) Position Increased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. raised its position in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 24.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 165,907 shares of the investment management company's stock after purchasing an additional 33,072 shares during the period. J.W. Cole Advisors Inc. owned about 0.07% of Cornerstone Strategic Investment Fund worth $1,233,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Tabor Asset Management LP acquired a new stake in Cornerstone Strategic Investment Fund during the first quarter worth about $4,924,000. Alpine Global Management LLC increased its stake in Cornerstone Strategic Investment Fund by 6.7% during 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 acquiring an additional 393,853 shares during the last quarter. LPL Financial LLC increased its stake in Cornerstone Strategic Investment Fund by 37.2% during the fourth quarter. LPL Financial LLC now owns 1,306,485 shares of the investment management company's stock worth $11,223,000 after acquiring an additional 354,086 shares during the last quarter. Stratos Wealth Partners LTD. grew 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Cornerstone Strategic Investment Fund in the fourth quarter valued at about $2,678,000.

Cornerstone Strategic Investment Fund Trading Down 0.5%

NYSEAMERICAN:CLM traded down $0.04 during trading hours on Friday, reaching $8.15. 984,702 shares of the stock were exchanged, compared to its average volume of 1,506,480. The firm has a 50 day simple moving average of $7.90 and a 200-day simple moving average of $7.92. 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 Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be issued a dividend of $0.1224 per share. This represents a yield of 17.83%. The ex-dividend date is Tuesday, July 15th.

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.