Cornerstone Strategic Investment Fund, Inc. $CLM Shares Bought by Sculptor Capital LP

Sculptor Capital LP lifted its position in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 5.9% during the first quarter, Holdings Channel reports. The institutional investor owned 3,143,589 shares of the investment management company’s stock after buying an additional 175,853 shares during the quarter. Sculptor Capital LP’s holdings in Cornerstone Strategic Investment Fund were worth $22,885,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new position in Cornerstone Strategic Investment Fund during the first quarter worth about $92,000. Jane Street Group LLC acquired a new stake in Cornerstone Strategic Investment Fund in the 1st quarter valued at about $265,000. NewEdge Advisors LLC boosted its position in shares of Cornerstone Strategic Investment Fund by 29.8% during the 2nd quarter. NewEdge Advisors LLC now owns 29,865 shares of the investment management company’s stock valued at $243,000 after purchasing an additional 6,865 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Cornerstone Strategic Investment Fund by 13.1% during the 2nd quarter. Raymond James Financial Inc. now owns 351,430 shares of the investment management company’s stock valued at $2,854,000 after purchasing an additional 40,761 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Cornerstone Strategic Investment Fund by 45.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 145,939 shares of the investment management company’s stock valued at $1,185,000 after purchasing an additional 45,487 shares in the last quarter.

Cornerstone Strategic Investment Fund Price Performance

Shares of CLM opened at $7.28 on Monday. The firm’s 50 day moving average is $7.50 and its 200-day moving average is $7.65. Cornerstone Strategic Investment Fund, Inc. has a 12-month low of $6.92 and a 12-month high of $8.53.

Cornerstone Strategic Investment Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.1215 per share. This represents a c) dividend on an annualized basis and a yield of 20.0%. 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.