Cornerstone Strategic Investment Fund, Inc. $CLM Shares Sold by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lessened its holdings in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 15.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,351 shares of the investment management company’s stock after selling 4,813 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Cornerstone Strategic Investment Fund were worth $213,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CLM. Absolute Investment Advisers LLC bought a new stake in shares of Cornerstone Strategic Investment Fund during the second quarter valued at about $9,980,000. Tabor Asset Management LP bought a new stake in shares of Cornerstone Strategic Investment Fund during the first quarter valued at about $4,924,000. Stratos Wealth Partners LTD. raised its stake in shares of Cornerstone Strategic Investment Fund by 913.7% during the first quarter. Stratos Wealth Partners LTD. now owns 366,334 shares of the investment management company’s stock valued at $2,722,000 after purchasing an additional 330,195 shares in the last quarter. US Bancorp DE raised its stake in shares of Cornerstone Strategic Investment Fund by 732,771.4% during the first quarter. US Bancorp DE now owns 256,505 shares of the investment management company’s stock valued at $1,906,000 after purchasing an additional 256,470 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Cornerstone Strategic Investment Fund by 80.8% during the first quarter. Cetera Investment Advisers now owns 505,121 shares of the investment management company’s stock valued at $3,753,000 after purchasing an additional 225,815 shares in the last quarter.

Cornerstone Strategic Investment Fund Stock Performance

Shares of NYSEAMERICAN CLM opened at $8.21 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 firm’s 50-day simple moving average is $8.21 and its 200 day simple moving average is $7.86.

Cornerstone Strategic Investment Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.1224 per share. This represents a c) dividend on an annualized basis and a dividend yield of 17.9%. The ex-dividend date is Monday, December 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.