HighTower Advisors LLC Invests $1.02 Million in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

HighTower Advisors LLC purchased a new position in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 118,993 shares of the investment management company’s stock, valued at approximately $1,022,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its position in shares of Cornerstone Strategic Value Fund by 716.2% in the third quarter. Thrivent Financial for Lutherans now owns 157,255 shares of the investment management company’s stock valued at $1,208,000 after purchasing an additional 137,988 shares during the period. Larson Financial Group LLC grew its stake in 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 buying an additional 2,296 shares during the last quarter. Townsquare Capital LLC bought a new position in Cornerstone Strategic Value Fund in the 3rd quarter valued at about $83,000. Encompass More Asset Management acquired a new stake in Cornerstone Strategic Value Fund during the third quarter worth approximately $555,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Cornerstone Strategic Value Fund during the third quarter worth approximately $1,367,000.

Cornerstone Strategic Value Fund Trading Down 0.9 %

CLM stock opened at $7.60 on Thursday. Cornerstone Strategic Value Fund, Inc. has a fifty-two week low of $6.50 and a fifty-two week high of $9.30. The stock’s fifty day moving average price is $8.35.

Cornerstone Strategic Value Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.1224 dividend. The ex-dividend date of this dividend is Tuesday, April 15th.

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.