Creative Planning Sells 61,989 Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Creative Planning trimmed its position in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 57.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Wealth Alliance LLC increased its stake in Cornerstone Strategic Value Fund by 25.9% during the first quarter. Capital Wealth Alliance LLC now owns 50,680 shares of the investment management company's stock worth $381,000 after acquiring an additional 10,432 shares during the last quarter. Karpus Management Inc. boosted its holdings in shares of Cornerstone Strategic Value Fund by 224.1% in the 1st quarter. Karpus Management Inc. now owns 1,944,212 shares of the investment management company's stock valued at $14,620,000 after buying an additional 1,344,395 shares during the period. Alpine Global Management LLC grew its holdings in shares of Cornerstone Strategic Value Fund by 0.3% during the first quarter. Alpine Global Management LLC now owns 5,399,519 shares of the investment management company's stock valued at $40,604,000 after purchasing an additional 14,168 shares during the last quarter. Cetera Investment Advisers increased its position in Cornerstone Strategic Value Fund by 1,164.7% in the first quarter. Cetera Investment Advisers now owns 278,738 shares of the investment management company's stock worth $2,096,000 after buying an additional 256,698 shares during the period. Finally, Cetera Advisors LLC boosted its position in shares of Cornerstone Strategic Value Fund by 80.4% during the first quarter. Cetera Advisors LLC now owns 91,153 shares of the investment management company's stock worth $685,000 after buying an additional 40,631 shares during the period.

Cornerstone Strategic Value Fund Stock Up 1.7 %

Shares of Cornerstone Strategic Value Fund stock traded up $0.14 during trading on Friday, hitting $8.48. The stock had a trading volume of 1,310,587 shares, compared to its average volume of 1,446,973. Cornerstone Strategic Value Fund, Inc. has a fifty-two week low of $6.50 and a fifty-two week high of $8.49. The firm's fifty day simple moving average is $7.41.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently disclosed a -- dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.1224 per share. This represents a yield of 18.1%. The ex-dividend date is Friday, March 14th.

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.