Cornerstone Strategic Investment Fund, Inc. $CLM Shares Purchased by Thomas J. Herzfeld Advisors Inc.

Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 1,109.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,074,966 shares of the investment management company’s stock after buying an additional 986,074 shares during the quarter. Cornerstone Strategic Investment Fund comprises about 3.1% of Thomas J. Herzfeld Advisors Inc.’s portfolio, making the stock its 9th biggest holding. Thomas J. Herzfeld Advisors Inc. owned approximately 0.43% of Cornerstone Strategic Investment Fund worth $8,729,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Banque Transatlantique SA purchased a new stake in Cornerstone Strategic Investment Fund during the 1st quarter valued at about $28,000. Farther Finance Advisors LLC increased its holdings in shares of Cornerstone Strategic Investment Fund by 55.5% in the second quarter. Farther Finance Advisors LLC now owns 4,804 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 1,715 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Cornerstone Strategic Investment Fund in the first quarter valued at approximately $74,000. Meridian Wealth Management LLC purchased a new position in Cornerstone Strategic Investment Fund during the first quarter worth approximately $74,000. Finally, RPG Investment Advisory LLC acquired a new position in Cornerstone Strategic Investment Fund during the first quarter worth $74,000.

Cornerstone Strategic Investment Fund Stock Up 0.4%

Shares of CLM opened at $8.33 on Friday. Cornerstone Strategic Investment Fund, Inc. has a 52-week low of $6.16 and a 52-week high of $9.29. The stock has a fifty day simple moving average of $8.26 and a two-hundred day simple moving average of $8.10.

Cornerstone Strategic Investment Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.1215 per share. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 17.5%.

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.