Cornerstone Strategic Investment Fund (NYSEAMERICAN:CLM) Vice Chairman Joshua Bradshaw Acquires 16,000 Shares of Stock

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) Vice Chairman Joshua Bradshaw bought 16,000 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was bought at an average cost of $6.08 per share, for a total transaction of $97,280.00. Following the transaction, the insider owned 20,356 shares of the company’s stock, valued at $123,764.48. The trade was a 367.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Cornerstone Strategic Investment Fund Trading Up 1.0%

CLM opened at $6.23 on Thursday. Cornerstone Strategic Investment Fund, Inc. has a 52-week low of $6.07 and a 52-week high of $8.53. The business’s 50-day simple moving average is $6.56 and its 200 day simple moving average is $7.17.

Cornerstone Strategic Investment Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a $0.1215 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 23.4%. The ex-dividend date is Tuesday, December 15th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CLM. Farther Finance Advisors LLC raised its stake in shares of Cornerstone Strategic Investment Fund by 100.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,379 shares of the investment management company’s stock worth $34,000 after purchasing an additional 2,693 shares in the last quarter. Compass Financial Management LLC bought a new position in shares of Cornerstone Strategic Investment Fund in the second quarter valued at $52,000. Highland Investment Advisors LLC bought a new position in shares of Cornerstone Strategic Investment Fund in the second quarter valued at $62,000. Everett Harris & Co. CA acquired a new position in Cornerstone Strategic Investment Fund during the second quarter worth $77,000. Finally, OneDigital Investment Advisors LLC acquired a new position in Cornerstone Strategic Investment Fund during the second quarter worth $81,000.

Cornerstone Strategic Investment Fund Company Profile

Cornerstone Strategic Investment Fund, Inc is a publicly traded closed-end management investment company listed on the NYSE American under the symbol CLM. The fund seeks to provide investors with total return through a combination of capital appreciation and current income.

The fund invests in a diversified portfolio of securities, primarily equity investments such as common stocks, preferred stocks and convertible securities. Depending on market conditions and its investment strategy, it may also invest in fixed-income securities and other income-producing assets.

The fund is managed by Cornerstone Advisors, Inc and is available to investors through the U.S.