Farther Finance Advisors LLC Purchases 1,715 Shares of Cornerstone Strategic Investment Fund, Inc. $CLM

Farther Finance Advisors LLC lifted its stake in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 55.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,804 shares of the investment management company’s stock after purchasing an additional 1,715 shares during the period. Farther Finance Advisors LLC’s holdings in Cornerstone Strategic Investment Fund were worth $39,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its holdings in Cornerstone Strategic Investment Fund by 89.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,239 shares of the investment management company’s stock valued at $217,000 after buying an additional 11,942 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Cornerstone Strategic Investment Fund by 131,721.4% during the 1st quarter. NBC Securities Inc. now owns 18,455 shares of the investment management company’s stock worth $137,000 after purchasing an additional 18,441 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Cornerstone Strategic Investment Fund during the 1st quarter worth $201,000. Grimes & Company Inc. grew its holdings in shares of Cornerstone Strategic Investment Fund by 4.9% during the 1st quarter. Grimes & Company Inc. now owns 44,886 shares of the investment management company’s stock worth $334,000 after purchasing an additional 2,088 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in 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 buying an additional 114,302 shares in the last quarter.

Cornerstone Strategic Investment Fund Stock Up 0.1%

NYSEAMERICAN:CLM opened at $8.39 on Wednesday. Cornerstone Strategic Investment Fund, Inc. has a twelve month low of $6.16 and a twelve month high of $9.30. The stock’s 50-day simple moving average is $8.16 and its 200 day simple moving average is $7.77.

Cornerstone Strategic Investment Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.1224 per share. This represents a c) dividend on an annualized basis and a dividend yield of 17.5%. The ex-dividend date is Monday, December 15th.

About Cornerstone Strategic Investment Fund

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.