Cohen & Steers Inc. grew its stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 607,198 shares of the investment management company's stock after purchasing an additional 60,000 shares during the quarter. Cohen & Steers Inc. owned approximately 0.25% of Cornerstone Strategic Value Fund worth $5,216,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of the stock. IFP Advisors Inc purchased a new stake in Cornerstone Strategic Value Fund in the fourth quarter valued at approximately $37,000. Anfield Capital Management LLC purchased a new stake in Cornerstone Strategic Value Fund in the 4th quarter valued at $56,000. Assetmark Inc. acquired a new stake in Cornerstone Strategic Value Fund during the 4th quarter worth $60,000. Kingsview Wealth Management LLC purchased a new position in Cornerstone Strategic Value Fund during the 4th quarter worth $86,000. Finally, Sonora Investment Management Group LLC acquired a new position in Cornerstone Strategic Value Fund in the fourth quarter valued at $87,000.
Cornerstone Strategic Value Fund Price Performance
Shares of CLM traded up $0.05 during mid-day trading on Friday, hitting $6.92. 4,244,471 shares of the company's stock were exchanged, compared to its average volume of 1,861,509. Cornerstone Strategic Value Fund, Inc. has a fifty-two week low of $6.16 and a fifty-two week high of $9.30. The business's 50 day moving average is $7.79 and its two-hundred day moving average is $7.98.
Cornerstone Strategic Value Fund Announces Dividend
The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.1224 dividend. The ex-dividend date of this dividend is Tuesday, April 15th.
Cornerstone Strategic Value Fund Profile
(
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.
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