Savvy Advisors Inc. Makes New $909,000 Investment in Cornerstone Strategic Investment Fund, Inc. $CLM

Savvy Advisors Inc. bought a new position in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 108,760 shares of the investment management company’s stock, valued at approximately $909,000.

A number of other institutional investors have also recently bought and sold shares of CLM. Integrated Wealth Concepts LLC acquired a new stake in Cornerstone Strategic Investment Fund during the 1st quarter worth $92,000. Jane Street Group LLC acquired a new stake in Cornerstone Strategic Investment Fund during the 1st quarter worth $265,000. NewEdge Advisors LLC grew its holdings in 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 worth $243,000 after acquiring an additional 6,865 shares during the period. Raymond James Financial Inc. grew its holdings in 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 worth $2,854,000 after acquiring an additional 40,761 shares during the period. Finally, Boothbay Fund Management LLC grew its holdings in Cornerstone Strategic Investment Fund by 4.0% during the 2nd quarter. Boothbay Fund Management LLC now owns 6,135,929 shares of the investment management company’s stock worth $49,824,000 after acquiring an additional 235,382 shares during the period.

Cornerstone Strategic Investment Fund Stock Down 1.2%

CLM opened at $7.18 on Wednesday. The company has a fifty day moving average price of $7.62 and a two-hundred day moving average price of $8.05. Cornerstone Strategic Investment Fund, Inc. has a 52 week low of $6.55 and a 52 week high of $8.53.

Cornerstone Strategic Investment Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.1215 per share. This represents a c) dividend on an annualized basis and a yield of 20.3%. The ex-dividend date of this dividend is Monday, June 15th.

Cornerstone Strategic Investment Fund Company Profile

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.