Why a Major Investor Dumped $32 Million of This 7.2% Yielding Closed-End Fund

Why a Major Investor Dumped $32 Million of This 7.2% Yielding Closed-End Fund

Key PointsCornerstone Advisors sold 1,712,871 shares of CSQ, with an estimated trade value of $32.11 million based on average closing prices for the quarter.The quarter-end position value dropped by $32.89 million, reflecting the change in holdings and stock price movements.The sale represented a 1.18% change in 13F reportable assets under management (AUM).The position was previously 1.1% of the fund's AUM as of the prior quarter.10 stocks we li…