Tabor Asset Management LP acquired a new position in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 662,760 shares of the investment management company's stock, valued at approximately $4,924,000. Cornerstone Strategic Investment Fund comprises 1.9% of Tabor Asset Management LP's portfolio, making the stock its 13th biggest position. Tabor Asset Management LP owned 0.27% of Cornerstone Strategic Investment Fund at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Cohen & Steers Inc. grew its position in shares of Cornerstone Strategic Investment Fund by 11.0% in the 4th quarter. Cohen & Steers Inc. now owns 607,198 shares of the investment management company's stock worth $5,216,000 after buying an additional 60,000 shares during the period. Kane Investment Management Inc. purchased a new stake in shares of Cornerstone Strategic Investment Fund in the 4th quarter worth about $332,000. HighTower Advisors LLC purchased a new stake in shares of Cornerstone Strategic Investment Fund in the 4th quarter worth about $1,022,000. Stratos Wealth Partners LTD. grew its position in shares of Cornerstone Strategic Investment Fund by 913.7% in the 1st quarter. Stratos Wealth Partners LTD. now owns 366,334 shares of the investment management company's stock worth $2,722,000 after buying an additional 330,195 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of Cornerstone Strategic Investment Fund by 32.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 247,311 shares of the investment management company's stock worth $2,124,000 after buying an additional 60,888 shares during the period.
Cornerstone Strategic Investment Fund Stock Performance
CLM stock traded down $0.01 during trading on Friday, hitting $7.98. 657,607 shares of the stock traded hands, compared to its average volume of 1,957,087. Cornerstone Strategic Investment Fund, Inc. has a 1 year low of $6.16 and a 1 year high of $9.30. The firm's 50 day moving average is $7.83 and its two-hundred day moving average is $7.95.
Cornerstone Strategic Investment Fund Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be paid a $0.1224 dividend. This represents a dividend yield of 17.83%. The ex-dividend date of this dividend is Tuesday, July 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.
Read More
Before you consider Cornerstone Strategic Investment Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cornerstone Strategic Investment Fund wasn't on the list.
While Cornerstone Strategic Investment Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
