Envestnet Asset Management Inc. Sells 6,337 Shares of Cornerstone Strategic Investment Fund, Inc. $CLM

Envestnet Asset Management Inc. lowered its holdings in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,212 shares of the investment management company’s stock after selling 6,337 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Cornerstone Strategic Investment Fund were worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Banque Transatlantique SA bought a new stake in Cornerstone Strategic Investment Fund in the 1st quarter worth about $28,000. Farther Finance Advisors LLC grew its stake in shares of Cornerstone Strategic Investment Fund by 55.5% in the second quarter. Farther Finance Advisors LLC now owns 4,804 shares of the investment management company’s stock worth $39,000 after acquiring an additional 1,715 shares during the period. AlphaCore Capital LLC purchased a new position in shares of Cornerstone Strategic Investment Fund during the first quarter valued at approximately $74,000. Meridian Wealth Management LLC bought a new position in Cornerstone Strategic Investment Fund during the first quarter valued at approximately $74,000. Finally, RPG Investment Advisory LLC purchased a new stake in Cornerstone Strategic Investment Fund in the first quarter worth approximately $74,000.

Cornerstone Strategic Investment Fund Stock Up 0.5%

NYSEAMERICAN:CLM opened at $8.27 on Thursday. The company has a 50 day simple moving average of $8.25 and a two-hundred day simple moving average of $8.06. Cornerstone Strategic Investment Fund, Inc. has a 12 month low of $6.16 and a 12 month high of $9.30.

Cornerstone Strategic Investment Fund Announces Dividend

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

Cornerstone Strategic Investment Fund 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.