Stratos Wealth Partners LTD. increased its position in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 913.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366,334 shares of the investment management company's stock after purchasing an additional 330,195 shares during the period. Stratos Wealth Partners LTD. owned approximately 0.15% of Cornerstone Strategic Investment Fund worth $2,722,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Alpine Global Management LLC raised its stake in Cornerstone Strategic Investment Fund by 6.7% during the 4th 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 period. LPL Financial LLC raised its stake in Cornerstone Strategic Investment Fund by 37.2% during the 4th 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 period. Raymond James Financial Inc. bought a new stake in Cornerstone Strategic Investment Fund during the 4th quarter worth approximately $2,678,000. Sculptor Capital LP purchased a new stake in Cornerstone Strategic Investment Fund during the 4th quarter valued at approximately $1,560,000. Finally, HighTower Advisors LLC purchased a new stake in Cornerstone Strategic Investment Fund during the 4th quarter valued at approximately $1,022,000.
Cornerstone Strategic Investment Fund Stock Up 0.4%
Shares of NYSEAMERICAN:CLM traded up $0.03 on Monday, hitting $8.27. 5,337,929 shares of the company's stock were exchanged, compared to its average volume of 1,957,726. Cornerstone Strategic Investment Fund, Inc. has a 12 month low of $6.16 and a 12 month high of $9.30. The business's 50 day simple moving average is $7.73 and its two-hundred day simple moving average is $7.97.
Cornerstone Strategic Investment Fund Announces Dividend
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 $0.1224 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a yield of 17.83%.
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.
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