Boothbay Fund Management LLC Sells 5,123,212 Shares of Cornerstone Strategic Investment Fund, Inc. $CLM

Boothbay Fund Management LLC reduced its holdings in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 79.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,285,340 shares of the investment management company’s stock after selling 5,123,212 shares during the quarter. Boothbay Fund Management LLC’s holdings in Cornerstone Strategic Investment Fund were worth $10,745,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Larson Financial Group LLC boosted its stake in shares of 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 acquiring an additional 1,456 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in shares of Cornerstone Strategic Investment Fund by 2.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 83,436 shares of the investment management company’s stock worth $691,000 after acquiring an additional 1,694 shares during the period. Arax Advisory Partners boosted its stake in shares of Cornerstone Strategic Investment Fund by 94.0% during the 4th 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 period. Firethorn Wealth Partners LLC boosted its stake in shares of Cornerstone Strategic Investment Fund by 10.2% during the 4th 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. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of Cornerstone Strategic Investment Fund by 10.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 26,756 shares of the investment management company’s stock worth $222,000 after acquiring an additional 2,459 shares during the period.

Cornerstone Strategic Investment Fund Stock Performance

Shares of NYSEAMERICAN CLM opened at $7.42 on Thursday. Cornerstone Strategic Investment Fund, Inc. has a 12 month low of $6.92 and a 12 month high of $8.53. The stock has a 50 day moving average of $7.55 and a 200-day moving average of $7.81.

Cornerstone Strategic Investment Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.1215 per share. This represents a c) annualized dividend and a dividend yield of 19.6%. The ex-dividend date is Tuesday, September 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.