Stratos Wealth Partners LTD. Purchases 117,607 Shares of Cornerstone Strategic Investment Fund, Inc. $CLM

Stratos Wealth Partners LTD. raised its position in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 23.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 626,085 shares of the investment management company’s stock after acquiring an additional 117,607 shares during the quarter. Stratos Wealth Partners LTD. owned approximately 0.25% of Cornerstone Strategic Investment Fund worth $5,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. WJ Financial Advisors LLC acquired a new position in shares of Cornerstone Strategic Investment Fund during the 3rd quarter worth about $1,249,000. Osaic Holdings Inc. lifted its stake in Cornerstone Strategic Investment Fund by 29.3% in the 2nd quarter. Osaic Holdings Inc. now owns 3,493,550 shares of the investment management company’s stock valued at $28,367,000 after purchasing an additional 791,583 shares during the last quarter. Alpine Global Management LLC grew its holdings in Cornerstone Strategic Investment Fund by 5.8% during the third quarter. Alpine Global Management LLC now owns 6,993,780 shares of the investment management company’s stock worth $57,909,000 after purchasing an additional 380,985 shares during the period. Boothbay Fund Management LLC grew its holdings in Cornerstone Strategic Investment Fund by 4.0% during the second quarter. Boothbay Fund Management LLC now owns 6,135,929 shares of the investment management company’s stock worth $49,824,000 after purchasing an additional 235,382 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its position in Cornerstone Strategic Investment Fund by 2.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 83,436 shares of the investment management company’s stock worth $691,000 after buying an additional 1,694 shares during the last quarter.

Cornerstone Strategic Investment Fund Stock Performance

NYSEAMERICAN:CLM opened at $7.34 on Monday. The stock’s 50 day moving average price is $7.67 and its two-hundred day moving average price is $8.07. Cornerstone Strategic Investment Fund, Inc. has a 12-month low of $6.16 and a 12-month 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. Stockholders of record on Monday, June 15th will be paid a dividend of $0.1215 per share. This represents a c) annualized dividend and a dividend yield of 19.9%. The ex-dividend date is Monday, June 15th.

About Cornerstone Strategic Investment Fund

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.