Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM – Get Free Report) declared a monthly dividend on Monday, August 17th. Investors of record on Friday, November 13th will be given a dividend of 0.1215 per share by the investment management company on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 21.0%. The ex-dividend date is Friday, November 13th.
Cornerstone Strategic Investment Fund Stock Performance
CLM traded down $0.41 on Monday, hitting $6.94. The company had a trading volume of 8,599,047 shares, compared to its average volume of 2,104,930. Cornerstone Strategic Investment Fund has a 52-week low of $6.88 and a 52-week high of $8.53. The stock has a fifty day simple moving average of $7.46 and a 200-day simple moving average of $7.55.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Arax Advisory Partners boosted its position in shares of Cornerstone Strategic Investment Fund by 94.0% during the fourth quarter. Arax Advisory Partners now owns 3,731 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 1,808 shares in the last quarter. Compass Financial Management LLC purchased a new stake in Cornerstone Strategic Investment Fund in the second quarter worth $52,000. Assetmark Inc. raised its holdings in Cornerstone Strategic Investment Fund by 303.9% in the fourth quarter. Assetmark Inc. now owns 7,960 shares of the investment management company’s stock worth $67,000 after purchasing an additional 5,989 shares in the last quarter. Everett Harris & Co. CA bought a new position in Cornerstone Strategic Investment Fund in the second quarter worth $77,000. Finally, OneDigital Investment Advisors LLC purchased a new position in Cornerstone Strategic Investment Fund during the second quarter valued at $81,000.
Cornerstone Strategic Investment Fund Company Profile
Cornerstone Strategic Investment Fund (NYSE American: CLM) is a closed-end diversified management investment company organized under the Investment Company Act of 1940. The fund’s primary objective is to seek total return, with an emphasis on dividend income and long-term capital appreciation for its shareholders. Trading on the NYSE American, CLM offers investors exposure to a flexible portfolio designed to capture income opportunities across various market environments.
The fund seeks to achieve its objective by investing primarily in convertible securities, including both convertible bonds and convertible preferred stocks, as well as common stocks of companies with favorable risk-return profiles.
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