HighTower Advisors LLC Invests $1.02 Million in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

HighTower Advisors LLC purchased a new stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 118,993 shares of the investment management company's stock, valued at approximately $1,022,000.

A number of other large investors have also recently made changes to their positions in the stock. Strategic Financial Concepts LLC boosted its position in Cornerstone Strategic Value Fund by 784.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 641,244 shares of the investment management company's stock worth $5,508,000 after purchasing an additional 568,744 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Cornerstone Strategic Value Fund in the 4th quarter worth approximately $2,678,000. Benjamin Edwards Inc. purchased a new position in shares of Cornerstone Strategic Value Fund in the third quarter worth approximately $1,367,000. Thrivent Financial for Lutherans raised its holdings in Cornerstone Strategic Value Fund by 716.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 157,255 shares of the investment management company's stock worth $1,208,000 after purchasing an additional 137,988 shares during the period. Finally, Winebrenner Capital Management LLC purchased a new position in Cornerstone Strategic Value Fund during the fourth quarter valued at $931,000.

Cornerstone Strategic Value Fund Stock Performance

Shares of CLM stock traded down $0.20 during mid-day trading on Friday, hitting $7.39. The company had a trading volume of 1,625,572 shares, compared to its average volume of 1,762,097. The company has a 50 day simple moving average of $8.31. Cornerstone Strategic Value Fund, Inc. has a 52-week low of $6.50 and a 52-week high of $9.30.

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Cornerstone Strategic Value Fund Announces Dividend

The company 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

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.