Sit Investment Associates Inc. bought a new position in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 35,000 shares of the investment management company's stock, valued at approximately $260,000.
A number of other institutional investors have also bought and sold shares of CLM. Tabor Asset Management LP purchased a new position in shares of Cornerstone Strategic Investment Fund in the first quarter valued at about $4,924,000. 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 valued at $54,132,000 after acquiring an additional 393,853 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position 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 acquiring an additional 330,195 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Cornerstone Strategic Investment Fund in the fourth quarter valued at about $2,678,000. Finally, US Bancorp DE lifted its position in shares of Cornerstone Strategic Investment Fund by 732,771.4% in the first quarter. US Bancorp DE now owns 256,505 shares of the investment management company's stock worth $1,906,000 after buying an additional 256,470 shares in the last quarter.
Cornerstone Strategic Investment Fund Price Performance
Shares of NYSEAMERICAN:CLM traded up $0.0550 during mid-day trading on Friday, reaching $8.0850. The stock had a trading volume of 716,982 shares, compared to its average volume of 1,978,852. Cornerstone Strategic Investment Fund, Inc. has a 1 year low of $6.16 and a 1 year high of $9.30. The business's 50 day moving average price is $8.06 and its 200 day moving average price is $7.86.
Cornerstone Strategic Investment Fund Dividend Announcement
The company also recently announced a dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a $0.1224 dividend. This represents a dividend yield of 1,813.0%. The ex-dividend date is Friday, August 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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