Cornerstone Strategic Investment Fund, Inc. (CLM) To Go Ex-Dividend on September 15th

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Friday, May 8th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.1215 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 22.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Cornerstone Strategic Investment Fund Trading Up 0.2%

Shares of Cornerstone Strategic Investment Fund stock opened at $6.58 on Friday. The company has a 50-day simple moving average of $7.16 and a two-hundred day simple moving average of $7.38. Cornerstone Strategic Investment Fund has a one year low of $6.55 and a one year high of $8.53.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Arax Advisory Partners boosted its stake in Cornerstone Strategic Investment Fund by 94.0% in the fourth quarter. Arax Advisory Partners now owns 3,731 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 1,808 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of Cornerstone Strategic Investment Fund during the second quarter worth $52,000. Highland Investment Advisors LLC purchased a new stake in shares of Cornerstone Strategic Investment Fund during the 2nd quarter valued at $62,000. Everett Harris & Co. CA purchased a new stake in shares of Cornerstone Strategic Investment Fund during the 2nd quarter valued at $77,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Cornerstone Strategic Investment Fund in the 2nd quarter worth $81,000.

About Cornerstone Strategic Investment Fund

Cornerstone Strategic Value Fund, Inc (NYSE American: CLM) is a closed-end investment company that seeks to provide shareholders with current income and long-term capital appreciation. The fund invests primarily in a diversified portfolio of equity securities, including common stocks, preferred stocks and securities that may be converted into common stock.

The fund is managed by Cornerstone Advisors, Inc, an investment adviser specializing in closed-end funds. Its portfolio is actively managed, with investments selected based on the adviser’s assessment of companies, industries and market conditions.