Oppenheimer & Co. Inc. Grows Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Oppenheimer & Co. Inc. lifted its position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,970 shares of the investment management company’s stock after purchasing an additional 2,000 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Cornerstone Strategic Value Fund were worth $137,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. IFP Advisors Inc purchased a new stake in shares of Cornerstone Strategic Value Fund in the fourth quarter valued at about $37,000. Winebrenner Capital Management LLC purchased a new stake in shares of Cornerstone Strategic Value Fund in the fourth quarter valued at about $931,000. J.W. Cole Advisors Inc. grew its holdings in shares of Cornerstone Strategic Value Fund by 69.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 132,835 shares of the investment management company’s stock valued at $1,141,000 after purchasing an additional 54,659 shares during the period. Strategic Financial Concepts LLC grew its holdings in shares of Cornerstone Strategic Value Fund by 3.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 74,650 shares of the investment management company’s stock valued at $641,000 after purchasing an additional 2,150 shares during the period. Finally, Soltis Investment Advisors LLC lifted its position in Cornerstone Strategic Value Fund by 55.9% in the fourth quarter. Soltis Investment Advisors LLC now owns 20,730 shares of the investment management company’s stock valued at $178,000 after buying an additional 7,430 shares during the last quarter.

Cornerstone Strategic Value Fund Stock Performance

NYSEAMERICAN CLM opened at $7.90 on Monday. The firm has a 50-day moving average of $8.54. 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.1224 per share. The ex-dividend date is Monday, June 16th. This represents a $1.47 annualized dividend and a dividend yield of 18.59%.

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.