Atria Wealth Solutions Inc. Sells 171,245 Shares of Cornerstone Strategic Investment Fund, Inc. $CLM

Key Points

• Atria Wealth Solutions Inc. sold 171,245 shares of Cornerstone Strategic Investment Fund, Inc. (CLM), reducing its holdings by 84% to 32,531 shares valued at approximately $268,000.
• The fund recently announced a monthly dividend of $0.1224, which will be paid on December 31st, representing an annualized yield of 18.0%.
• Cornerstone Strategic Investment Fund's stock is currently priced at $8.17 with a 1-year trading range between $6.16 and $9.30.

Atria Wealth Solutions Inc. lessened its position in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 84.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,531 shares of the investment management company's stock after selling 171,245 shares during the period. Atria Wealth Solutions Inc.'s holdings in Cornerstone Strategic Investment Fund were worth $268,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CLM. Absolute Investment Advisers LLC bought a new position in Cornerstone Strategic Investment Fund during the second quarter worth $9,980,000. Tabor Asset Management LP bought a new position in Cornerstone Strategic Investment Fund during the first quarter worth $4,924,000. Stratos Wealth Partners LTD. raised its stake in Cornerstone Strategic Investment Fund by 913.7% during the first quarter. Stratos Wealth Partners LTD. now owns 366,334 shares of the investment management company's stock worth $2,722,000 after buying an additional 330,195 shares during the last quarter. US Bancorp DE raised its stake in Cornerstone Strategic Investment Fund by 732,771.4% during the first quarter. US Bancorp DE now owns 256,505 shares of the investment management company's stock worth $1,906,000 after buying an additional 256,470 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Cornerstone Strategic Investment Fund by 80.8% during the first quarter. Cetera Investment Advisers now owns 505,121 shares of the investment management company's stock worth $3,753,000 after buying an additional 225,815 shares during the last quarter.

Cornerstone Strategic Investment Fund Stock Down 0.2%

CLM opened at $8.17 on Wednesday. Cornerstone Strategic Investment Fund, Inc. has a 1-year low of $6.16 and a 1-year high of $9.30. The company has a fifty day moving average price of $8.21 and a two-hundred day moving average price of $7.83.

Cornerstone Strategic Investment Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.1224 dividend. This represents a c) dividend on an annualized basis and a yield of 18.0%. The ex-dividend date of this dividend is Monday, December 15th.

Cornerstone Strategic Investment Fund Company Profile

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.

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