Cornerstone Strategic Investment Fund (NYSEAMERICAN:CLM) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.22 and traded as high as $8.30. Cornerstone Strategic Investment Fund shares last traded at $8.22, with a volume of 3,112,500 shares traded.

Cornerstone Strategic Investment Fund Stock Down 1.4%

The firm’s 50 day moving average is $8.30 and its 200-day moving average is $8.22.

Cornerstone Strategic Investment Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given 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 17.7%.

Institutional Investors Weigh In On Cornerstone Strategic Investment Fund

A number of institutional investors have recently modified their holdings of CLM. MAI Capital Management grew its stake in Cornerstone Strategic Investment Fund by 6.7% during the 2nd quarter. MAI Capital Management now owns 19,865 shares of the investment management company’s stock valued at $161,000 after acquiring an additional 1,256 shares in the last quarter. Larson Financial Group LLC lifted its stake in Cornerstone Strategic Investment Fund by 14.4% in the 3rd quarter. Larson Financial Group LLC now owns 11,578 shares of the investment management company’s stock worth $96,000 after purchasing an additional 1,456 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Cornerstone Strategic Investment Fund by 2.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 83,436 shares of the investment management company’s stock worth $691,000 after purchasing an additional 1,694 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of Cornerstone Strategic Investment Fund by 4.6% during the 3rd quarter. PFG Investments LLC now owns 39,019 shares of the investment management company’s stock worth $323,000 after purchasing an additional 1,701 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position 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 valued at $39,000 after purchasing an additional 1,715 shares in the last quarter.

Cornerstone Strategic Investment Fund Company Profile

Cornerstone Strategic Investment Fund (NYSE American: CLM) is a closed-end diversified management investment company organized under the Investment Company Act of 1940. The fund’s primary objective is to seek total return, with an emphasis on dividend income and long-term capital appreciation for its shareholders. Trading on the NYSE American, CLM offers investors exposure to a flexible portfolio designed to capture income opportunities across various market environments.

The fund seeks to achieve its objective by investing primarily in convertible securities, including both convertible bonds and convertible preferred stocks, as well as common stocks of companies with favorable risk-return profiles.