Cornerstone Strategic Investment Fund, Inc. $CLM Shares Sold by Alpine Global Management LLC

Alpine Global Management LLC lowered its holdings in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 83.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,139,813 shares of the investment management company’s stock after selling 5,853,967 shares during the quarter. Cornerstone Strategic Investment Fund accounts for 1.6% of Alpine Global Management LLC’s holdings, making the stock its 10th largest holding. Alpine Global Management LLC’s holdings in Cornerstone Strategic Investment Fund were worth $9,529,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CLM. Stratos Wealth Partners LTD. boosted its holdings in Cornerstone Strategic Investment Fund by 23.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 626,085 shares of the investment management company’s stock valued at $5,234,000 after purchasing an additional 117,607 shares during the period. Boothbay Fund Management LLC increased its holdings in Cornerstone Strategic Investment Fund by 4.4% during the 3rd quarter. Boothbay Fund Management LLC now owns 6,408,552 shares of the investment management company’s stock worth $53,063,000 after purchasing an additional 272,623 shares during the period. PFG Investments LLC increased its holdings in Cornerstone Strategic Investment Fund by 7,582.9% during the 4th quarter. PFG Investments LLC now owns 2,997,808 shares of the investment management company’s stock worth $25,062,000 after purchasing an additional 2,958,789 shares during the period. Savvy Advisors Inc. acquired a new stake in Cornerstone Strategic Investment Fund in the 4th quarter valued at about $909,000. Finally, WJ Financial Advisors LLC raised its position in Cornerstone Strategic Investment Fund by 74.3% in the 4th quarter. WJ Financial Advisors LLC now owns 263,015 shares of the investment management company’s stock valued at $2,199,000 after purchasing an additional 112,116 shares in the last quarter.

Cornerstone Strategic Investment Fund Trading Up 0.8%

Shares of CLM opened at $7.48 on Friday. Cornerstone Strategic Investment Fund, Inc. has a 1 year low of $6.92 and a 1 year high of $8.53. The stock has a 50-day simple moving average of $7.55 and a 200-day simple moving average of $7.81.

Cornerstone Strategic Investment Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.1215 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 19.5%.

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.