PFG Investments LLC Grows Stock Holdings in Cornerstone Strategic Investment Fund, Inc. $CLM

PFG Investments LLC increased its holdings in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 37.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 4,123,031 shares of the investment management company’s stock after acquiring an additional 1,125,223 shares during the quarter. Cornerstone Strategic Investment Fund comprises 1.4% of PFG Investments LLC’s investment portfolio, making the stock its 7th biggest position. PFG Investments LLC’s holdings in Cornerstone Strategic Investment Fund were worth $30,016,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CLM. Larson Financial Group LLC grew its position in Cornerstone Strategic Investment Fund by 14.4% during the third quarter. Larson Financial Group LLC now owns 11,578 shares of the investment management company’s stock worth $96,000 after buying an additional 1,456 shares in the last quarter. Arax Advisory Partners grew its stake 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 buying an additional 1,808 shares in the last quarter. Firethorn Wealth Partners LLC increased its holdings in shares of Cornerstone Strategic Investment Fund by 10.2% in the 4th quarter. Firethorn Wealth Partners LLC now owns 19,762 shares of the investment management company’s stock worth $165,000 after buying an additional 1,837 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in shares of Cornerstone Strategic Investment Fund by 10.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 26,756 shares of the investment management company’s stock valued at $222,000 after buying an additional 2,459 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its position in shares of Cornerstone Strategic Investment Fund by 1.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 201,751 shares of the investment management company’s stock valued at $1,687,000 after buying an additional 2,684 shares in the last quarter.

Cornerstone Strategic Investment Fund Price Performance

NYSEAMERICAN CLM opened at $7.49 on Friday. Cornerstone Strategic Investment Fund, Inc. has a 52-week low of $6.92 and a 52-week high of $8.53. The company has a fifty day moving average of $7.54 and a 200-day moving average of $7.75.

Cornerstone Strategic Investment Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.1215 per share. 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.