Private Advisor Group LLC Sells 4,090 Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Private Advisor Group LLC decreased its holdings in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,906 shares of the investment management company’s stock after selling 4,090 shares during the period. Private Advisor Group LLC’s holdings in Cornerstone Strategic Value Fund were worth $454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Planning Capital Management Corp grew its position in Cornerstone Strategic Value Fund by 2,598.4% during the third quarter. Planning Capital Management Corp now owns 3,481 shares of the investment management company’s stock worth $27,000 after buying an additional 3,352 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Cornerstone Strategic Value Fund by 51.4% in the 3rd quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 2,296 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Cornerstone Strategic Value Fund in the 4th quarter valued at $86,000. Sonora Investment Management Group LLC bought a new position in shares of Cornerstone Strategic Value Fund in the 4th quarter valued at $87,000. Finally, Townsquare Capital LLC bought a new position in shares of Cornerstone Strategic Value Fund in the 3rd quarter valued at $83,000.

Cornerstone Strategic Value Fund Stock Down 0.3 %

Shares of CLM opened at $7.88 on Tuesday. Cornerstone Strategic Value Fund, Inc. has a 52 week low of $6.50 and a 52 week high of $9.30.

Cornerstone Strategic Value Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.1224 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 18.64%. The ex-dividend date is Monday, June 16th.

Cornerstone Strategic Value Fund 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.