Envestnet Asset Management Inc. Raises Stock Position in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM)

Envestnet Asset Management Inc. grew its stake in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 8.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,549 shares of the investment management company’s stock after buying an additional 3,896 shares during the period. Envestnet Asset Management Inc.’s holdings in Cornerstone Strategic Investment Fund were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Park Square Financial Group LLC purchased a new position in shares of Cornerstone Strategic Investment Fund in the 4th quarter valued at approximately $49,000. Valmark Advisers Inc. acquired a new position in Cornerstone Strategic Investment Fund in the 1st quarter valued at $74,000. Mosaic Family Wealth Partners LLC purchased a new position in Cornerstone Strategic Investment Fund during the 4th quarter worth $87,000. Townsquare Capital LLC lifted its stake in shares of 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 worth $104,000 after acquiring an additional 1,317 shares during the period. Finally, Buska Wealth Management LLC lifted its stake in shares of Cornerstone Strategic Investment Fund by 46.4% in the 1st quarter. Buska Wealth Management LLC now owns 16,519 shares of the investment management company’s stock worth $123,000 after acquiring an additional 5,239 shares during the period.

Cornerstone Strategic Investment Fund Stock Performance

Shares of CLM opened at $8.11 on Thursday. Cornerstone Strategic Investment Fund, Inc. has a twelve month low of $6.16 and a twelve month high of $9.30. The firm’s 50-day moving average is $8.02 and its two-hundred day moving average is $7.89.

Cornerstone Strategic Investment Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th were issued a $0.1224 dividend. This represents a dividend yield of 1,783.0%. The ex-dividend date of this dividend was Tuesday, July 15th.

Cornerstone Strategic Investment Fund 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.