PFG Investments LLC Boosts Holdings in Cornerstone Strategic Investment Fund, Inc. $CLM

PFG Investments LLC lifted its holdings in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 37.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,123,031 shares of the investment management company’s stock after buying an additional 1,125,223 shares during the quarter. Cornerstone Strategic Investment Fund comprises 1.4% of PFG Investments LLC’s investment portfolio, making the stock its 7th biggest position. PFG Investments LLC owned about 1.63% of Cornerstone Strategic Investment Fund worth $30,016,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings 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 valued at $96,000 after acquiring an additional 1,456 shares during the period. Arax Advisory Partners lifted 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 in the last quarter. Firethorn Wealth Partners LLC boosted its holdings in shares of Cornerstone Strategic Investment Fund by 10.2% in the fourth quarter. Firethorn Wealth Partners LLC now owns 19,762 shares of the investment management company’s stock worth $165,000 after acquiring an additional 1,837 shares during the period. Kestra Private Wealth Services LLC grew its position in shares of Cornerstone Strategic Investment Fund by 10.1% in the third quarter. Kestra Private Wealth Services LLC now owns 26,756 shares of the investment management company’s stock valued at $222,000 after purchasing an additional 2,459 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its position in shares of Cornerstone Strategic Investment Fund by 1.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 201,751 shares of the investment management company’s stock valued at $1,687,000 after purchasing an additional 2,684 shares in the last quarter.

Cornerstone Strategic Investment Fund Stock Performance

NYSEAMERICAN:CLM opened at $7.49 on Friday. Cornerstone Strategic Investment Fund, Inc. has a 52-week low of $6.92 and a 52-week high of $8.53. The business’s fifty day moving average is $7.54 and its 200 day moving average is $7.75.

Cornerstone Strategic Investment Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 19.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Cornerstone Strategic Investment Fund 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.