Cornerstone Strategic Investment Fund (NYSEAMERICAN:CLM) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.21 and traded as high as $8.45. Cornerstone Strategic Investment Fund shares last traded at $8.40, with a volume of 1,428,487 shares trading hands.

Cornerstone Strategic Investment Fund Stock Down 0.1%

The stock has a fifty day simple moving average of $8.28 and a 200 day simple moving average of $8.21.

Cornerstone Strategic Investment Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.1215 per share. The ex-dividend date is Monday, March 16th. This represents a c) annualized dividend and a yield of 17.4%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. MAI Capital Management grew its position in Cornerstone Strategic Investment Fund by 6.7% in the 2nd quarter. MAI Capital Management now owns 19,865 shares of the investment management company’s stock worth $161,000 after purchasing an additional 1,256 shares during the period. Larson Financial Group LLC grew its holdings in shares of Cornerstone Strategic Investment Fund by 14.4% in the third quarter. Larson Financial Group LLC now owns 11,578 shares of the investment management company’s stock worth $96,000 after acquiring an additional 1,456 shares during the period. Buska Wealth Management LLC increased its position in Cornerstone Strategic Investment Fund by 9.1% during the second quarter. Buska Wealth Management LLC now owns 18,017 shares of the investment management company’s stock valued at $146,000 after acquiring an additional 1,498 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in Cornerstone Strategic Investment Fund by 2.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 83,436 shares of the investment management company’s stock worth $691,000 after purchasing an additional 1,694 shares during the last quarter. Finally, PFG Investments LLC grew its stake in shares of Cornerstone Strategic Investment Fund by 4.6% during the 3rd quarter. PFG Investments LLC now owns 39,019 shares of the investment management company’s stock valued at $323,000 after purchasing an additional 1,701 shares during the period.

About Cornerstone Strategic Investment Fund

Cornerstone Strategic Investment Fund (NYSE American: CLM) is a closed-end diversified management investment company organized under the Investment Company Act of 1940. The fund’s primary objective is to seek total return, with an emphasis on dividend income and long-term capital appreciation for its shareholders. Trading on the NYSE American, CLM offers investors exposure to a flexible portfolio designed to capture income opportunities across various market environments.

The fund seeks to achieve its objective by investing primarily in convertible securities, including both convertible bonds and convertible preferred stocks, as well as common stocks of companies with favorable risk-return profiles.