Sculptor Capital LP Buys Shares of 3,325,694 Cornerstone Strategic Investment Fund, Inc. $CLM

Sculptor Capital LP purchased a new stake in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) during the second quarter, Holdings Channel.com reports. The fund purchased 3,325,694 shares of the investment management company’s stock, valued at approximately $25,142,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arax Advisory Partners increased its holdings in Cornerstone Strategic Investment Fund by 94.0% in 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 last quarter. Compass Financial Management LLC purchased a new stake in Cornerstone Strategic Investment Fund during the second quarter valued at about $52,000. Everett Harris & Co. CA purchased a new stake in Cornerstone Strategic Investment Fund during the second quarter valued at about $77,000. OneDigital Investment Advisors LLC bought a new position in Cornerstone Strategic Investment Fund during the second quarter worth about $81,000. Finally, Allworth Financial LP bought a new position in Cornerstone Strategic Investment Fund during the second quarter worth about $90,000.

Cornerstone Strategic Investment Fund Stock Performance

CLM opened at $6.74 on Wednesday. The firm has a 50-day moving average price of $7.37 and a 200-day moving average price of $7.48. Cornerstone Strategic Investment Fund, Inc. has a twelve month low of $6.65 and a twelve month high of $8.53.

Cornerstone Strategic Investment Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a $0.1215 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a c) annualized dividend and a yield of 21.6%.

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.