Cornerstone Strategic Investment Fund (NYSEAMERICAN:CLM) Vice Chairman Acquires $97,280.00 in Stock

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) Vice Chairman Joshua Bradshaw bought 16,000 shares of the company’s stock in a transaction on Tuesday, October 20th. The shares were bought at an average price of $6.08 per share, for a total transaction of $97,280.00. Following the completion of the acquisition, the insider directly owned 20,356 shares in the company, valued at approximately $123,764.48. This trade represents a 367.31% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Cornerstone Strategic Investment Fund Stock Performance

Shares of Cornerstone Strategic Investment Fund stock traded up $0.06 during trading on Wednesday, reaching $6.23. The stock had a trading volume of 1,382,716 shares, compared to its average volume of 2,117,023. The stock has a fifty day moving average price of $6.58 and a two-hundred day moving average price of $7.18. Cornerstone Strategic Investment Fund, Inc. has a 52 week low of $6.07 and a 52 week high of $8.53.

Cornerstone Strategic Investment Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a dividend of $0.1215 per share. The ex-dividend date is Tuesday, December 15th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 23.4%.

Institutional Investors Weigh In On Cornerstone Strategic Investment Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of CLM. Sculptor Capital LP acquired a new position in Cornerstone Strategic Investment Fund during the 2nd quarter worth approximately $25,142,000. Cable Car Capital LP bought a new position in shares of Cornerstone Strategic Investment Fund during the 2nd quarter worth approximately $9,632,000. PFG Investments LLC grew its stake in shares of Cornerstone Strategic Investment Fund by 37.5% during the 1st quarter. PFG Investments LLC now owns 4,123,031 shares of the investment management company’s stock worth $30,016,000 after acquiring an additional 1,125,223 shares in the last quarter. Almitas Capital LLC bought a new position in shares of Cornerstone Strategic Investment Fund during the 2nd quarter worth approximately $5,003,000. Finally, Perennial Investment Advisors LLC acquired a new stake in shares of Cornerstone Strategic Investment Fund in the second quarter valued at approximately $3,663,000.

About Cornerstone Strategic Investment Fund

Cornerstone Strategic Investment Fund, Inc is a publicly traded closed-end management investment company listed on the NYSE American under the symbol CLM. The fund seeks to provide investors with total return through a combination of capital appreciation and current income.

The fund invests in a diversified portfolio of securities, primarily equity investments such as common stocks, preferred stocks and convertible securities. Depending on market conditions and its investment strategy, it may also invest in fixed-income securities and other income-producing assets.

The fund is managed by Cornerstone Advisors, Inc and is available to investors through the U.S.