Thomas J. Herzfeld Advisors Inc. lessened its position in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 77.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 171,852 shares of the investment management company's stock after selling 584,439 shares during the quarter. Thomas J. Herzfeld Advisors Inc. owned about 0.07% of Cornerstone Strategic Value Fund worth $1,476,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in shares of Cornerstone Strategic Value Fund by 37.2% in the fourth quarter. LPL Financial LLC now owns 1,306,485 shares of the investment management company's stock valued at $11,223,000 after buying an additional 354,086 shares during the last quarter. TrueMark Investments LLC increased its position in Cornerstone Strategic Value Fund by 6.2% in the 4th quarter. TrueMark Investments LLC now owns 647,416 shares of the investment management company's stock valued at $5,561,000 after acquiring an additional 37,784 shares during the period. Strategic Financial Concepts LLC increased its position in Cornerstone Strategic Value Fund by 784.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 641,244 shares of the investment management company's stock valued at $5,508,000 after acquiring an additional 568,744 shares during the period. Quarry LP raised its stake in Cornerstone Strategic Value Fund by 1.0% during the 3rd quarter. Quarry LP now owns 474,958 shares of the investment management company's stock valued at $3,648,000 after acquiring an additional 4,712 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Cornerstone Strategic Value Fund during the 4th quarter worth approximately $2,678,000.
Cornerstone Strategic Value Fund Trading Down 4.5 %
Shares of CLM stock traded down $0.32 during midday trading on Friday, hitting $6.85. The company had a trading volume of 4,412,392 shares, compared to its average volume of 1,783,437. The company's 50 day simple moving average is $8.19 and its 200 day simple moving average is $8.05. 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 Announces Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.1224 dividend. The ex-dividend date is Tuesday, April 15th.
About Cornerstone Strategic Value Fund
(
Free Report)
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.
Further Reading
Before you consider Cornerstone Strategic Value Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cornerstone Strategic Value Fund wasn't on the list.
While Cornerstone Strategic Value Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
