Almitas Capital LLC acquired a new stake in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 661,789 shares of the investment management company's stock, valued at approximately $5,003,000. Cornerstone Strategic Investment Fund accounts for approximately 1.2% of Almitas Capital LLC's portfolio, making the stock its 19th biggest holding. Almitas Capital LLC owned approximately 0.26% of Cornerstone Strategic Investment Fund at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Corient Private Wealth LP purchased a new stake in Cornerstone Strategic Investment Fund in the 2nd quarter worth approximately $112,000. Perennial Investment Advisors LLC purchased a new position in shares of Cornerstone Strategic Investment Fund during the second quarter valued at approximately $3,663,000. Sculptor Capital LP bought a new position in shares of Cornerstone Strategic Investment Fund during the second quarter valued at approximately $25,142,000. Cable Car Capital LP bought a new position in shares of Cornerstone Strategic Investment Fund during the second quarter valued at approximately $9,632,000. Finally, Sanctuary Advisors LLC purchased a new stake in Cornerstone Strategic Investment Fund in the second quarter worth $152,000.
Cornerstone Strategic Investment Fund Stock Down 0.6%
Shares of CLM stock opened at $6.65 on Friday. The stock has a fifty day moving average of $7.34 and a 200 day moving average of $7.47. Cornerstone Strategic Investment Fund, Inc. has a 52 week low of $6.61 and a 52 week high of $8.53.
Cornerstone Strategic Investment Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a $0.1215 dividend. This represents a c) annualized dividend and a dividend yield of 21.9%. The ex-dividend date of this dividend is Tuesday, December 15th.
Cornerstone Strategic Investment Fund Profile
(
Free Report)
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.
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Want to see what other hedge funds are holding CLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report).
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