Stratos Wealth Partners LTD. lifted its stake in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 49.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 548,477 shares of the investment management company's stock after purchasing an additional 182,143 shares during the period. Stratos Wealth Partners LTD. owned approximately 0.22% of Cornerstone Strategic Investment Fund worth $4,454,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Banque Transatlantique SA bought a new position in Cornerstone Strategic Investment Fund in the 1st quarter worth approximately $28,000. Farther Finance Advisors LLC raised its position in shares of Cornerstone Strategic Investment Fund by 55.5% during the second quarter. Farther Finance Advisors LLC now owns 4,804 shares of the investment management company's stock worth $39,000 after acquiring an additional 1,715 shares during the last quarter. AlphaCore Capital LLC acquired a new position in shares of Cornerstone Strategic Investment Fund during the first quarter valued at $74,000. Valmark Advisers Inc. acquired a new position in shares of Cornerstone Strategic Investment Fund during the first quarter valued at $74,000. Finally, Meridian Wealth Management LLC bought a new position in Cornerstone Strategic Investment Fund in the first quarter valued at about $74,000.
Cornerstone Strategic Investment Fund Price Performance
Shares of NYSEAMERICAN:CLM opened at $8.24 on Friday. Cornerstone Strategic Investment Fund, Inc. has a 1-year low of $6.16 and a 1-year high of $9.30. The business has a 50-day moving average price of $8.20 and a two-hundred day moving average price of $7.82.
Cornerstone Strategic Investment Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.1224 dividend. This represents a c) annualized dividend and a yield of 17.8%. The ex-dividend date is Monday, December 15th.
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.
Further Reading
Want to see what other hedge funds are holding CLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report).
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