Boothbay Fund Management LLC Has $53.06 Million Position in Cornerstone Strategic Investment Fund, Inc. $CLM

Boothbay Fund Management LLC increased its stake in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,408,552 shares of the investment management company’s stock after buying an additional 272,623 shares during the period. Cornerstone Strategic Investment Fund accounts for approximately 0.8% of Boothbay Fund Management LLC’s holdings, making the stock its 2nd biggest holding. Boothbay Fund Management LLC’s holdings in Cornerstone Strategic Investment Fund were worth $53,063,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in Cornerstone Strategic Investment Fund during the 3rd quarter worth $46,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Cornerstone Strategic Investment Fund in the 2nd quarter valued at $81,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Cornerstone Strategic Investment Fund in the 3rd quarter valued at $100,000. Integrated Wealth Concepts LLC bought a new stake in shares of Cornerstone Strategic Investment Fund during the first quarter worth $92,000. Finally, Allworth Financial LP raised its position in shares of Cornerstone Strategic Investment Fund by 2,229.0% during the second quarter. Allworth Financial LP now owns 14,463 shares of the investment management company’s stock worth $117,000 after acquiring an additional 13,842 shares during the last quarter.

Cornerstone Strategic Investment Fund Stock Performance

Cornerstone Strategic Investment Fund stock opened at $7.49 on Friday. Cornerstone Strategic Investment Fund, Inc. has a 1 year low of $6.16 and a 1 year high of $8.53. The company’s 50-day moving average is $8.01 and its two-hundred day moving average is $8.17.

Cornerstone Strategic Investment Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.1215 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 19.5%.

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.