LPL Financial LLC boosted its holdings in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 37.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,306,485 shares of the investment management company's stock after buying an additional 354,086 shares during the period. LPL Financial LLC owned approximately 0.54% of Cornerstone Strategic Value Fund worth $11,223,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of CLM. Strategic Financial Concepts LLC lifted its holdings in shares of 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 buying an additional 568,744 shares in the last quarter. Quarry LP increased its holdings in Cornerstone Strategic Value Fund by 1.0% during the 3rd quarter. Quarry LP now owns 474,958 shares of the investment management company's stock worth $3,648,000 after acquiring an additional 4,712 shares during the period. Raymond James Financial Inc. purchased a new stake in Cornerstone Strategic Value Fund in the 4th quarter worth approximately $2,678,000. Commonwealth Equity Services LLC boosted its holdings in Cornerstone Strategic Value Fund by 32.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 247,311 shares of the investment management company's stock valued at $2,124,000 after purchasing an additional 60,888 shares during the period. Finally, Benjamin Edwards Inc. purchased a new position in shares of Cornerstone Strategic Value Fund during the 3rd quarter valued at $1,367,000.
Cornerstone Strategic Value Fund Trading Down 0.4 %
Shares of Cornerstone Strategic Value Fund stock traded down $0.03 during trading on Tuesday, hitting $6.72. The stock had a trading volume of 4,489,894 shares, compared to its average volume of 1,808,756. Cornerstone Strategic Value Fund, Inc. has a 12 month low of $6.16 and a 12 month high of $9.30. The business's 50-day moving average is $8.08 and its 200 day moving average is $8.02.
Cornerstone Strategic Value Fund Dividend Announcement
The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.1224 dividend. The ex-dividend date of this dividend is Tuesday, April 15th.
About Cornerstone Strategic Value Fund
(
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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