Dynamic Advisor Solutions LLC Decreases Holdings in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM)

Dynamic Advisor Solutions LLC trimmed its position in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 5.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,442 shares of the investment management company’s stock after selling 2,307 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Cornerstone Strategic Investment Fund were worth $293,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CLM. Alpine Global Management LLC grew its position in Cornerstone Strategic Investment Fund by 6.7% during the 4th quarter. Alpine Global Management LLC now owns 6,301,760 shares of the investment management company’s stock worth $54,132,000 after acquiring an additional 393,853 shares during the last quarter. LPL Financial LLC grew its position in Cornerstone Strategic Investment Fund by 37.2% during the 4th quarter. LPL Financial LLC now owns 1,306,485 shares of the investment management company’s stock worth $11,223,000 after acquiring an additional 354,086 shares during the last quarter. TrueMark Investments LLC grew its position in Cornerstone Strategic Investment Fund by 6.2% during the 4th quarter. TrueMark Investments LLC now owns 647,416 shares of the investment management company’s stock worth $5,561,000 after acquiring an additional 37,784 shares during the last quarter. Cohen & Steers Inc. grew its position in Cornerstone Strategic Investment Fund by 11.0% during the 4th quarter. Cohen & Steers Inc. now owns 607,198 shares of the investment management company’s stock worth $5,216,000 after acquiring an additional 60,000 shares during the last quarter. Finally, Perennial Investment Advisors LLC grew its position in shares of Cornerstone Strategic Investment Fund by 5.9% in the 4th quarter. Perennial Investment Advisors LLC now owns 434,677 shares of the investment management company’s stock worth $3,734,000 after buying an additional 24,134 shares during the last quarter.

Cornerstone Strategic Investment Fund Stock Performance

Shares of CLM stock opened at $7.81 on Friday. Cornerstone Strategic Investment Fund, Inc. has a fifty-two week low of $6.16 and a fifty-two week high of $9.30. The business’s 50 day moving average price is $7.37 and its 200-day moving average price is $7.92.

Cornerstone Strategic Investment Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $0.1224 per share. The ex-dividend date was Thursday, May 15th. This represents a dividend yield of 20.01%.

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.