Wedbush Securities Inc. Trims Position in Cornerstone Strategic Investment Fund, Inc. $CLM

Wedbush Securities Inc. decreased its holdings in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 30.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,850 shares of the investment management company’s stock after selling 6,074 shares during the quarter. Wedbush Securities Inc.’s holdings in Cornerstone Strategic Investment Fund were worth $112,000 as of its most recent filing with the SEC.

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

Cornerstone Strategic Investment Fund Stock Performance

Shares of Cornerstone Strategic Investment Fund stock opened at $8.28 on Friday. Cornerstone Strategic Investment Fund, Inc. has a one year low of $6.16 and a one year high of $9.30. The firm has a fifty day moving average of $8.26 and a two-hundred day moving average of $7.98.

Cornerstone Strategic Investment Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.1215 dividend. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 17.6%.

About Cornerstone Strategic Investment Fund

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.