Commonwealth Equity Services LLC Grows Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Commonwealth Equity Services LLC boosted its stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 32.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 247,311 shares of the investment management company’s stock after acquiring an additional 60,888 shares during the period. Commonwealth Equity Services LLC owned 0.10% of Cornerstone Strategic Value Fund worth $2,124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CLM. Strategic Financial Concepts LLC raised its holdings in shares of Cornerstone Strategic Value Fund by 784.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 641,244 shares of the investment management company’s stock worth $5,508,000 after acquiring an additional 568,744 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Cornerstone Strategic Value Fund during the fourth quarter valued at $2,678,000. Benjamin Edwards Inc. bought a new position in Cornerstone Strategic Value Fund during the third quarter valued at $1,367,000. Thrivent Financial for Lutherans lifted its position in Cornerstone Strategic Value Fund by 716.2% during 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 last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of Cornerstone Strategic Value Fund in the 4th quarter worth $1,022,000.

Cornerstone Strategic Value Fund Stock Performance

Shares of NYSEAMERICAN CLM opened at $7.59 on Friday. Cornerstone Strategic Value Fund, Inc. has a 12-month low of $6.50 and a 12-month high of $9.30. The firm’s 50-day simple moving average is $8.34.

Cornerstone Strategic Value Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.1224 per share. The ex-dividend date 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.