Yakira Capital Management Inc. trimmed its stake in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM – Free Report) by 52.3% during the fourth quarter, HoldingsChannel reports. The fund owned 487,207 shares of the investment management company’s stock after selling 534,446 shares during the period. Cornerstone Strategic Investment Fund comprises about 1.4% of Yakira Capital Management Inc.’s investment portfolio, making the stock its 26th largest position. Yakira Capital Management Inc.’s holdings in Cornerstone Strategic Investment Fund were worth $4,073,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Alpine Global Management LLC raised its holdings in shares of Cornerstone Strategic Investment Fund by 5.8% during the third quarter. Alpine Global Management LLC now owns 6,993,780 shares of the investment management company’s stock worth $57,909,000 after acquiring an additional 380,985 shares during the period. Boothbay Fund Management LLC raised its holdings in shares of Cornerstone Strategic Investment Fund by 4.4% during the third quarter. Boothbay Fund Management LLC now owns 6,408,552 shares of the investment management company’s stock worth $53,063,000 after acquiring an additional 272,623 shares during the period. PFG Investments LLC raised its holdings in shares of Cornerstone Strategic Investment Fund by 7,582.9% during the fourth quarter. PFG Investments LLC now owns 2,997,808 shares of the investment management company’s stock worth $25,062,000 after acquiring an additional 2,958,789 shares during the period. Sculptor Capital LP acquired a new stake in shares of Cornerstone Strategic Investment Fund during the second quarter worth $21,653,000. Finally, LPL Financial LLC raised its holdings in shares of Cornerstone Strategic Investment Fund by 24.1% during the fourth quarter. LPL Financial LLC now owns 1,802,318 shares of the investment management company’s stock worth $15,067,000 after acquiring an additional 350,079 shares during the period.
Cornerstone Strategic Investment Fund Stock Performance
Shares of NYSEAMERICAN:CLM opened at $7.51 on Monday. Cornerstone Strategic Investment Fund, Inc. has a 12 month low of $6.92 and a 12 month high of $8.53. The company’s fifty day simple moving average is $7.54 and its 200 day simple moving average is $7.83.
Cornerstone Strategic Investment Fund Dividend Announcement
Cornerstone Strategic Investment Fund Company 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.
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