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

US Bancorp DE increased its position in 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 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,505 shares of the investment management company's stock after purchasing an additional 256,470 shares during the period. US Bancorp DE owned approximately 0.11% of Cornerstone Strategic Investment Fund worth $1,906,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Townsquare Capital LLC raised 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 valued at $104,000 after acquiring an additional 1,317 shares during the period. Grimes & Company Inc. raised its stake in Cornerstone Strategic Investment Fund by 4.9% in the 1st quarter. Grimes & Company Inc. now owns 44,886 shares of the investment management company's stock valued at $334,000 after acquiring an additional 2,088 shares during the period. Wedbush Securities Inc. raised its stake in Cornerstone Strategic Investment Fund by 15.7% in the 4th quarter. Wedbush Securities Inc. now owns 24,350 shares of the investment management company's stock valued at $209,000 after acquiring an additional 3,300 shares during the period. Kestra Private Wealth Services LLC raised its stake in Cornerstone Strategic Investment Fund by 22.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 20,279 shares of the investment management company's stock valued at $151,000 after acquiring an additional 3,666 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Cornerstone Strategic Investment Fund by 8.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 51,549 shares of the investment management company's stock valued at $383,000 after acquiring an additional 3,896 shares during the period.

Cornerstone Strategic Investment Fund Stock Performance

Shares of Cornerstone Strategic Investment Fund stock opened at $8.12 on Friday. Cornerstone Strategic Investment Fund, Inc. has a 52-week low of $6.16 and a 52-week high of $9.30. The stock's 50-day simple moving average is $8.03 and its 200 day simple moving average is $7.89.

Cornerstone Strategic Investment Fund Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th were issued a dividend of $0.1224 per share. This represents a yield of 1,783.0%. The ex-dividend date of this dividend was 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.

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