Janney Montgomery Scott LLC Makes New Investment in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM)

Janney Montgomery Scott LLC acquired a new position in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,058 shares of the investment management company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Park Square Financial Group LLC bought a new stake in Cornerstone Strategic Investment Fund during the 4th quarter valued at $49,000. Assetmark Inc. bought a new position in Cornerstone Strategic Investment Fund in the fourth quarter valued at $60,000. Mosaic Family Wealth Partners LLC bought a new position in Cornerstone Strategic Investment Fund in the fourth quarter valued at $87,000. Townsquare Capital LLC boosted its position in Cornerstone Strategic Investment Fund by 12.2% during the fourth quarter. Townsquare Capital LLC now owns 12,086 shares of the investment management company’s stock valued at $104,000 after buying an additional 1,317 shares during the period. Finally, Buska Wealth Management LLC boosted its position in Cornerstone Strategic Investment Fund by 46.4% during the first quarter. Buska Wealth Management LLC now owns 16,519 shares of the investment management company’s stock valued at $123,000 after buying an additional 5,239 shares during the period.

Cornerstone Strategic Investment Fund Stock Performance

Shares of CLM opened at $8.24 on Monday. Cornerstone Strategic Investment Fund, Inc. has a one year low of $6.16 and a one year high of $9.30. The company has a 50-day simple moving average of $7.61 and a two-hundred day simple moving average of $7.96.

Cornerstone Strategic Investment Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be paid a dividend of $0.1224 per share. This represents a dividend yield of 17.83%. The ex-dividend date is 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.