Insider Buying: Cornerstone Strategic Investment Fund (NYSEAMERICAN:CLM) Vice Chairman Buys $97,280.00 in Stock

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) Vice Chairman Joshua Bradshaw purchased 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The stock was acquired at an average price of $6.08 per share, for a total transaction of $97,280.00. Following the acquisition, the insider directly owned 20,356 shares of the company’s stock, valued at $123,764.48. This trade represents a 367.31% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Cornerstone Strategic Investment Fund Trading Down 1.5%

Shares of NYSEAMERICAN CLM opened at $6.01 on Friday. The stock has a fifty day moving average price of $6.50 and a 200 day moving average price of $7.15. Cornerstone Strategic Investment Fund, Inc. has a 12-month low of $5.97 and a 12-month high of $8.53.

Cornerstone Strategic Investment Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a $0.1215 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 24.3%. The ex-dividend date of this dividend is Tuesday, December 15th.

Institutional Investors Weigh In On Cornerstone Strategic Investment Fund

A number of hedge funds have recently bought and sold shares of CLM. Benjamin Edwards Inc. raised its holdings in shares of Cornerstone Strategic Investment Fund by 2.5% during the second quarter. Benjamin Edwards Inc. now owns 74,406 shares of the investment management company’s stock worth $562,000 after purchasing an additional 1,819 shares during the period. Firethorn Wealth Partners LLC boosted its holdings in shares of Cornerstone Strategic Investment Fund by 5.3% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 44,393 shares of the investment management company’s stock valued at $284,000 after buying an additional 2,236 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Cornerstone Strategic Investment Fund by 100.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,379 shares of the investment management company’s stock valued at $34,000 after buying an additional 2,693 shares during the period. Pasadena Private Wealth LLC boosted its holdings in shares of Cornerstone Strategic Investment Fund by 15.7% in the 1st quarter. Pasadena Private Wealth LLC now owns 23,661 shares of the investment management company’s stock valued at $172,000 after buying an additional 3,204 shares during the period. Finally, Secure Asset Management LLC grew its position in shares of Cornerstone Strategic Investment Fund by 36.2% during the 2nd quarter. Secure Asset Management LLC now owns 17,065 shares of the investment management company’s stock valued at $129,000 after buying an additional 4,535 shares during the last quarter.

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.