Choreo LLC Makes New Investment in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Choreo LLC acquired a new position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,176 shares of the investment management company’s stock, valued at approximately $125,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Alpine Global Management LLC lifted its holdings in Cornerstone Strategic Value Fund by 0.3% in the first quarter. Alpine Global Management LLC now owns 5,399,519 shares of the investment management company’s stock worth $40,604,000 after buying an additional 14,168 shares during the period. Karpus Management Inc. increased its stake in shares of Cornerstone Strategic Value Fund by 224.1% during the first quarter. Karpus Management Inc. now owns 1,944,212 shares of the investment management company’s stock valued at $14,620,000 after purchasing an additional 1,344,395 shares in the last quarter. TrueMark Investments LLC bought a new position in shares of Cornerstone Strategic Value Fund during the second quarter valued at approximately $4,500,000. Strategic Financial Concepts LLC increased its stake in shares of Cornerstone Strategic Value Fund by 800.0% during the second 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 in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Cornerstone Strategic Value Fund by 1,164.7% during the first quarter. Cetera Investment Advisers now owns 278,738 shares of the investment management company’s stock valued at $2,096,000 after purchasing an additional 256,698 shares in the last quarter.

Cornerstone Strategic Value Fund Stock Up 0.1 %

Shares of NYSEAMERICAN CLM opened at $7.53 on Friday. Cornerstone Strategic Value Fund, Inc. has a fifty-two week low of $6.25 and a fifty-two week high of $8.11. The firm’s 50 day simple moving average is $7.39.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.1086 per share. The ex-dividend date is Tuesday, October 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.