Tabor Asset Management LP Makes New $4.92 Million Investment in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM)

Tabor Asset Management LP acquired a new stake in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 662,760 shares of the investment management company's stock, valued at approximately $4,924,000. Cornerstone Strategic Investment Fund makes up 1.3% of Tabor Asset Management LP's portfolio, making the stock its 22nd largest position. Tabor Asset Management LP owned about 0.27% of Cornerstone Strategic Investment Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Park Square Financial Group LLC purchased a new stake in Cornerstone Strategic Investment Fund during the fourth quarter worth $49,000. Valmark Advisers Inc. purchased a new stake in shares of Cornerstone Strategic Investment Fund during the 1st quarter valued at $74,000. Mosaic Family Wealth Partners LLC purchased a new stake in shares of Cornerstone Strategic Investment Fund during the 4th quarter valued at $87,000. Townsquare Capital LLC lifted its holdings in shares of Cornerstone Strategic Investment Fund by 12.2% during the 4th quarter. Townsquare Capital LLC now owns 12,086 shares of the investment management company's stock valued at $104,000 after purchasing an additional 1,317 shares during the last quarter. Finally, BIP Wealth LLC purchased a new position in Cornerstone Strategic Investment Fund in the 4th quarter worth $137,000.

Cornerstone Strategic Investment Fund Price Performance

Shares of NYSEAMERICAN:CLM traded up $0.10 during trading on Thursday, reaching $8.19. 896,072 shares of the company's stock traded hands, compared to its average volume of 2,068,315. Cornerstone Strategic Investment Fund, Inc. has a fifty-two week low of $6.16 and a fifty-two week high of $9.30. The company has a 50-day simple moving average of $7.85 and a 200-day simple moving average of $7.94.

Cornerstone Strategic Investment Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be paid a $0.1224 dividend. This represents a yield of 17.83%. The ex-dividend date of this dividend 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.