Cornerstone Strategic Investment Fund (NYSEAMERICAN:CLM) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.23 and traded as high as $8.36. Cornerstone Strategic Investment Fund shares last traded at $8.28, with a volume of 1,796,277 shares traded.Cornerstone Strategic Investment Fund Stock PerformanceThe business has a 50 day moving average of $8.31 and a 200-day moving average of $8.23. Cornerstone Strategic Investment Fund Announces DividendThe company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.1215 dividend. This represents a c) annualized dividend and a dividend yield of 17.6%. The ex-dividend date is Monday, March 16th. Institutional Inflows and OutflowsA number of institutional investors and hedge funds have recently bought and sold shares of CLM. PFG Investments LLC grew its position in Cornerstone Strategic Investment Fund by 7,582.9% during the fourth quarter. PFG Investments LLC now owns 2,997,808 shares of the investment management company's stock worth $25,062,000 after buying an additional 2,958,789 shares during the period. Sculptor Capital LP purchased a new stake in shares of Cornerstone Strategic Investment Fund during the 2nd quarter worth approximately $21,653,000. Thomas J. Herzfeld Advisors Inc. grew its holdings in shares of Cornerstone Strategic Investment Fund by 1,109.3% in the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,074,966 shares of the investment management company's stock worth $8,729,000 after acquiring an additional 986,074 shares during the period. Osaic Holdings Inc. increased its stake in Cornerstone Strategic Investment Fund by 29.3% in the 2nd quarter. Osaic Holdings Inc. now owns 3,493,550 shares of the investment management company's stock valued at $28,367,000 after purchasing an additional 791,583 shares in the last quarter. Finally, Alpine Global Management LLC increased its stake in Cornerstone Strategic Investment Fund by 5.8% in the 3rd quarter. Alpine Global Management LLC now owns 6,993,780 shares of the investment management company's stock valued at $57,909,000 after purchasing an additional 380,985 shares in the last quarter. About Cornerstone Strategic Investment Fund (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.Featured StoriesFive stocks we like better than Cornerstone Strategic Investment FundHow a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyNEW LAW: Congress Approves Setup For Digital Dollar?“Fed Proof” Your Bank Account with THESE 4 Simple StepsA U.S. “birthright” claim worth trillions - activated quietlyThis 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