Cable Car Capital LP Takes $9.63 Million Position in Cornerstone Strategic Investment Fund, Inc. $CLM

Cable Car Capital LP purchased a new position in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,274,106 shares of the investment management company’s stock, valued at approximately $9,632,000. Cable Car Capital LP owned 0.50% of Cornerstone Strategic Investment Fund as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arax Advisory Partners grew its position in shares of Cornerstone Strategic Investment Fund by 94.0% during the fourth quarter. Arax Advisory Partners now owns 3,731 shares of the investment management company’s stock worth $31,000 after acquiring an additional 1,808 shares during the last quarter. Compass Financial Management LLC purchased a new stake in Cornerstone Strategic Investment Fund in the 2nd quarter valued at $52,000. Everett Harris & Co. CA purchased a new stake in Cornerstone Strategic Investment Fund in the 2nd quarter valued at $77,000. OneDigital Investment Advisors LLC acquired a new stake in Cornerstone Strategic Investment Fund during the 2nd quarter worth $81,000. Finally, Larson Financial Group LLC boosted its stake in Cornerstone Strategic Investment Fund by 14.4% during the 3rd quarter. Larson Financial Group LLC now owns 11,578 shares of the investment management company’s stock worth $96,000 after purchasing an additional 1,456 shares during the period.

Cornerstone Strategic Investment Fund Price Performance

Shares of Cornerstone Strategic Investment Fund stock opened at $6.74 on Wednesday. Cornerstone Strategic Investment Fund, Inc. has a 1 year low of $6.65 and a 1 year high of $8.53. The company’s fifty day moving average is $7.37 and its two-hundred day moving average is $7.48.

Cornerstone Strategic Investment Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.1215 per share. The ex-dividend date is Tuesday, December 15th. This represents a c) annualized dividend and a dividend yield of 21.6%.

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.