18,810 Shares in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,810 shares of the investment management company’s stock, valued at approximately $144,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CLM. Sea Otter Advisors LLC acquired a new position in shares of Cornerstone Strategic Value Fund during the second quarter valued at about $3,850,000. Strategic Financial Concepts LLC boosted its stake in Cornerstone Strategic Value Fund by 800.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 452,790 shares during the last quarter. Doliver Advisors LP bought a new stake in Cornerstone Strategic Value Fund during the 3rd quarter worth approximately $2,206,000. Cetera Investment Advisers lifted its holdings in shares of Cornerstone Strategic Value Fund by 64.0% in the second quarter. Cetera Investment Advisers now owns 457,175 shares of the investment management company’s stock valued at $3,520,000 after purchasing an additional 178,437 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in Cornerstone Strategic Value Fund during the third quarter worth $1,367,000.

Cornerstone Strategic Value Fund Stock Down 0.5 %

Shares of CLM opened at $8.51 on Tuesday. Cornerstone Strategic Value Fund, Inc. has a 12 month low of $6.50 and a 12 month high of $9.30.

Cornerstone Strategic Value Fund Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.1224 per share. This is an increase from Cornerstone Strategic Value Fund’s previous dividend of $0.11. The ex-dividend date of this dividend is Wednesday, January 15th.

About Cornerstone Strategic Value Fund

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.