Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Stock Holdings Increased by Wedbush Securities Inc.

Wedbush Securities Inc. lifted its stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 50.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,900 shares of the investment management company’s stock after purchasing an additional 7,000 shares during the quarter. Wedbush Securities Inc.’s holdings in Cornerstone Strategic Value Fund were worth $161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Strategic Financial Concepts LLC raised its position in Cornerstone Strategic Value Fund by 800.0% during the second quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 452,790 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Cornerstone Strategic Value Fund by 4.6% during the second quarter. Commonwealth Equity Services LLC now owns 183,825 shares of the investment management company’s stock valued at $1,415,000 after acquiring an additional 8,080 shares in the last quarter. TrueMark Investments LLC bought a new position in Cornerstone Strategic Value Fund during the second quarter valued at approximately $4,500,000. BCR Wealth Strategies LLC bought a new position in Cornerstone Strategic Value Fund during the second quarter valued at approximately $402,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in Cornerstone Strategic Value Fund by 54.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 144,704 shares of the investment management company’s stock valued at $1,114,000 after acquiring an additional 50,824 shares in the last quarter.

Cornerstone Strategic Value Fund Stock Performance

Shares of CLM opened at $7.60 on Monday. The company’s 50 day simple moving average is $7.38. Cornerstone Strategic Value Fund, Inc. has a twelve month low of $6.25 and a twelve month high of $8.25.

Cornerstone Strategic Value Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.1086 dividend. The ex-dividend date of this dividend is Tuesday, October 15th.

Cornerstone Strategic Value 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.