US Bancorp DE Purchases 256,470 Shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM)

Key Points

• US Bancorp DE significantly increased its stake in Cornerstone Strategic Investment Fund by 732,771.4% during the first quarter, owning approximately 0.11% of the fund valued at $1,906,000.
• The fund recently declared a dividend of $0.1224 per share, resulting in a remarkable dividend yield of 1,783.0%.
• Shares of Cornerstone Strategic Investment Fund traded up 0.4% to $8.15, with a trading volume of over 1 million shares on the latest trading day.

US Bancorp DE lifted its position in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 732,771.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 256,505 shares of the investment management company's stock after buying an additional 256,470 shares during the period. US Bancorp DE owned about 0.11% of Cornerstone Strategic Investment Fund worth $1,906,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CLM. Park Square Financial Group LLC purchased a new position in shares of Cornerstone Strategic Investment Fund during the 4th quarter valued at about $49,000. Valmark Advisers Inc. purchased a new position in Cornerstone Strategic Investment Fund in the 1st quarter worth approximately $74,000. Mosaic Family Wealth Partners LLC purchased a new position in Cornerstone Strategic Investment Fund in the 4th quarter worth approximately $87,000. Townsquare Capital LLC increased its stake in Cornerstone Strategic Investment Fund by 12.2% in the 4th quarter. Townsquare Capital LLC now owns 12,086 shares of the investment management company's stock worth $104,000 after purchasing an additional 1,317 shares during the period. Finally, Buska Wealth Management LLC increased its stake in Cornerstone Strategic Investment Fund by 46.4% in the 1st quarter. Buska Wealth Management LLC now owns 16,519 shares of the investment management company's stock worth $123,000 after purchasing an additional 5,239 shares during the period.

Cornerstone Strategic Investment Fund Price Performance

Cornerstone Strategic Investment Fund stock traded up $0.06 during trading hours on Tuesday, reaching $8.16. The company had a trading volume of 569,372 shares, compared to its average volume of 1,989,133. The company has a 50-day moving average price of $8.04 and a 200 day moving average price of $7.88. Cornerstone Strategic Investment Fund, Inc. has a 12-month low of $6.16 and a 12-month high of $9.30.

Cornerstone Strategic Investment Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 29th. Stockholders 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 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.