Independent Advisor Alliance acquired a new stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 34,697 shares of the investment management company's stock, valued at approximately $298,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLM. IFP Advisors Inc purchased a new stake in Cornerstone Strategic Value Fund in the 4th quarter valued at about $37,000. Larson Financial Group LLC increased its stake in Cornerstone Strategic Value Fund by 51.4% in the 3rd quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company's stock valued at $52,000 after buying an additional 2,296 shares during the last quarter. Anfield Capital Management LLC purchased a new stake in Cornerstone Strategic Value Fund in the 4th quarter valued at about $56,000. Assetmark Inc. purchased a new stake in Cornerstone Strategic Value Fund in the 4th quarter valued at about $60,000. Finally, Townsquare Capital LLC purchased a new stake in shares of Cornerstone Strategic Value Fund during the 3rd quarter worth approximately $83,000.
Cornerstone Strategic Value Fund Stock Up 0.1 %
Shares of CLM stock traded up $0.01 during trading hours on Friday, hitting $7.52. 1,282,453 shares of the company were exchanged, compared to its average volume of 1,751,180. The company's fifty day moving average price is $8.40. 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 Dividend Announcement
The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.1224 per share. The ex-dividend date is Tuesday, April 15th.
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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