Cornerstone Strategic Investment Fund (NYSEAMERICAN:CLM) Shares Pass Above 200-Day Moving Average - Here's Why

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report) shares 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 changing hands.Cornerstone Strategic Investment Fund Price PerformanceThe business's 50 day moving average is $8.30 and its 200 day moving average is $8.22. Cornerstone Strategic Investment Fund Announces DividendThe business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.1215 per share. This represents a c) annualized dividend and a dividend yield of 17.7%. The ex-dividend date is Monday, March 16th. Hedge Funds Weigh In On Cornerstone Strategic Investment FundA number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Savvy Advisors Inc. acquired a new stake in Cornerstone Strategic Investment Fund during the 4th quarter worth about $909,000. Stratos Wealth Partners LTD. boosted its position in Cornerstone Strategic Investment Fund by 23.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 626,085 shares of the investment management company's stock valued at $5,234,000 after buying an additional 117,607 shares during the last quarter. Spire Wealth Management purchased a new stake in Cornerstone Strategic Investment Fund in the fourth quarter valued at approximately $30,000. Dynamic Advisor Solutions LLC increased its holdings in Cornerstone Strategic Investment Fund by 14.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 44,746 shares of the investment management company's stock worth $374,000 after buying an additional 5,799 shares during the period. Finally, Firethorn Wealth Partners LLC raised its position in Cornerstone Strategic Investment Fund by 10.2% during the 4th quarter. Firethorn Wealth Partners LLC now owns 19,762 shares of the investment management company's stock worth $165,000 after buying an additional 1,837 shares during the last quarter. Cornerstone Strategic Investment Fund Company Profile (Get Free Report)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.Further ReadingFive stocks we like better than Cornerstone Strategic Investment FundElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest YetThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Cornerstone Strategic Investment Fund Right Now?Before you consider Cornerstone Strategic Investment Fund, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cornerstone Strategic Investment Fund wasn't on the list.While Cornerstone Strategic Investment Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here