Cornerstone Strategic Investment Fund, Inc. $CLM Stock Position Lifted by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 12.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,355,378 shares of the investment management company’s stock after buying an additional 155,132 shares during the quarter. Cetera Investment Advisers’ holdings in Cornerstone Strategic Investment Fund were worth $9,867,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CLM. PFG Investments LLC boosted its stake in shares of Cornerstone Strategic Investment Fund by 37.5% during the 1st quarter. PFG Investments LLC now owns 4,123,031 shares of the investment management company’s stock valued at $30,016,000 after buying an additional 1,125,223 shares during the period. Sculptor Capital LP increased its stake in shares of Cornerstone Strategic Investment Fund by 5.5% in the fourth quarter. Sculptor Capital LP now owns 2,967,736 shares of the investment management company’s stock worth $24,810,000 after acquiring an additional 155,286 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Cornerstone Strategic Investment Fund by 24.1% during the fourth quarter. LPL Financial LLC now owns 1,802,318 shares of the investment management company’s stock worth $15,067,000 after acquiring an additional 350,079 shares in the last quarter. Quarry LP boosted its position in Cornerstone Strategic Investment Fund by 353.6% during the fourth quarter. Quarry LP now owns 1,235,307 shares of the investment management company’s stock valued at $10,327,000 after purchasing an additional 962,972 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in Cornerstone Strategic Investment Fund by 23.1% during 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 purchasing an additional 117,607 shares during the last quarter.

Cornerstone Strategic Investment Fund Stock Performance

Shares of NYSEAMERICAN CLM opened at $7.32 on Friday. Cornerstone Strategic Investment Fund, Inc. has a one year low of $6.92 and a one year high of $8.53. The business’s 50-day moving average price is $7.49 and its two-hundred day moving average price is $7.62.

Cornerstone Strategic Investment Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.1215 per share. This represents a c) annualized dividend and a dividend yield of 19.9%. The ex-dividend date is Tuesday, September 15th.

About Cornerstone Strategic Investment Fund

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.