Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) Shares Acquired by Virtu Financial LLC

Key Points

• Virtu Financial LLC increased its stake in Cornerstone Strategic Investment Fund by 448.2% in Q1, acquiring 121,267 shares and now holds approximately 0.06% of the fund worth $1,102,000.
• Other investors, such as US Bancorp DE and Cetera Investment Advisers, also significantly increased their holdings in the fund, highlighting a trend of growing interest among institutional investors.
• The Cornerstone Strategic Investment Fund announced a dividend of $0.1224 per share, which carries a remarkable dividend yield of 1,813.0%, to be paid on August 29th.

Virtu Financial LLC raised its holdings in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 448.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,325 shares of the investment management company's stock after buying an additional 121,267 shares during the period. Virtu Financial LLC owned about 0.06% of Cornerstone Strategic Investment Fund worth $1,102,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Alpine Global Management LLC boosted its holdings in shares of Cornerstone Strategic Investment Fund by 6.7% in the fourth quarter. Alpine Global Management LLC now owns 6,301,760 shares of the investment management company's stock valued at $54,132,000 after purchasing an additional 393,853 shares during the period. Tabor Asset Management LP purchased a new stake in shares of Cornerstone Strategic Investment Fund in the first quarter valued at approximately $4,924,000. Cohen & Steers Inc. boosted its holdings in shares of Cornerstone Strategic Investment Fund by 11.0% in the fourth quarter. Cohen & Steers Inc. now owns 607,198 shares of the investment management company's stock valued at $5,216,000 after purchasing an additional 60,000 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Cornerstone Strategic Investment Fund by 28.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 521,955 shares of the investment management company's stock valued at $3,878,000 after purchasing an additional 114,302 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Cornerstone Strategic Investment Fund by 80.8% in the first quarter. Cetera Investment Advisers now owns 505,121 shares of the investment management company's stock valued at $3,753,000 after purchasing an additional 225,815 shares during the period.

Cornerstone Strategic Investment Fund Stock Down 1.6%

Cornerstone Strategic Investment Fund stock traded down $0.13 during mid-day trading on Friday, reaching $8.07. 1,181,977 shares of the company were exchanged, compared to its average volume of 1,335,423. The business has a fifty day moving average of $8.06 and a 200 day moving average 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 Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.1224 per share. The ex-dividend date is Friday, August 15th. This represents a yield of 1,813.0%.

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.