Creative Planning lessened its holdings in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 57.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,441 shares of the investment management company's stock after selling 61,989 shares during the quarter. Creative Planning's holdings in Cornerstone Strategic Value Fund were worth $357,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Strategic Financial Concepts LLC raised its stake in Cornerstone Strategic Value Fund by 800.0% in 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. Voisard Asset Management Group Inc. acquired a new position in Cornerstone Strategic Value Fund in the second quarter valued at about $72,000. B. Riley Wealth Advisors Inc. raised its stake in Cornerstone Strategic Value Fund by 11.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 14,676 shares of the investment management company's stock valued at $113,000 after purchasing an additional 1,502 shares in the last quarter. Choreo LLC acquired a new position in Cornerstone Strategic Value Fund in the second quarter valued at about $125,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Cornerstone Strategic Value Fund in the second quarter valued at about $143,000.
Cornerstone Strategic Value Fund Price Performance
CLM stock traded up $0.15 during trading on Friday, hitting $8.49. The company had a trading volume of 2,402,550 shares, compared to its average volume of 1,452,371. The stock has a 50-day moving average price of $7.41. Cornerstone Strategic Value Fund, Inc. has a one year low of $6.50 and a one year high of $8.50.
Cornerstone Strategic Value Fund Announces Dividend
The business also recently announced a -- dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.1224 dividend. This represents a yield of 18.1%. The ex-dividend date is Friday, March 14th.
Cornerstone Strategic Value Fund Company 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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