Perennial Investment Advisors LLC Grows Holdings in Cornerstone Strategic Investment Fund, Inc. $CLM

Perennial Investment Advisors LLC lifted its position in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 3.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 451,228 shares of the investment management company’s stock after buying an additional 14,271 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Cornerstone Strategic Investment Fund were worth $3,664,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CLM. Absolute Investment Advisers LLC purchased a new stake in Cornerstone Strategic Investment Fund in the 2nd quarter worth approximately $9,980,000. Tabor Asset Management LP acquired a new stake in shares of Cornerstone Strategic Investment Fund during the first quarter worth $4,924,000. Cetera Investment Advisers grew its position in shares of Cornerstone Strategic Investment Fund by 20.9% in the second quarter. Cetera Investment Advisers now owns 610,585 shares of the investment management company’s stock valued at $4,958,000 after purchasing an additional 105,464 shares during the period. Stratos Wealth Partners LTD. increased its stake in Cornerstone Strategic Investment Fund by 49.7% in the second quarter. Stratos Wealth Partners LTD. now owns 548,477 shares of the investment management company’s stock valued at $4,454,000 after purchasing an additional 182,143 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Cornerstone Strategic Investment Fund by 732,771.4% in the 1st quarter. US Bancorp DE now owns 256,505 shares of the investment management company’s stock worth $1,906,000 after buying an additional 256,470 shares during the last quarter.

Cornerstone Strategic Investment Fund Stock Performance

CLM opened at $8.12 on Tuesday. Cornerstone Strategic Investment Fund, Inc. has a 12 month low of $6.16 and a 12 month high of $9.30. The business has a 50-day moving average of $8.25 and a two-hundred day moving average of $8.02.

Cornerstone Strategic Investment Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.1215 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 18.0%. The ex-dividend date is Monday, March 16th.

Cornerstone Strategic Investment Fund Company 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.