Creative Planning lifted its holdings in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 344.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,430 shares of the investment management company's stock after purchasing an additional 84,013 shares during the period. Creative Planning's holdings in Cornerstone Strategic Value Fund were worth $835,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sea Otter Advisors LLC purchased a new position in Cornerstone Strategic Value Fund in the second quarter valued at approximately $3,850,000. Garden State Investment Advisory Services LLC increased its holdings in Cornerstone Strategic Value Fund by 55.4% in the 2nd quarter. Garden State Investment Advisory Services LLC now owns 54,288 shares of the investment management company's stock worth $418,000 after acquiring an additional 19,358 shares during the last quarter. Perennial Investment Advisors LLC raised its stake in Cornerstone Strategic Value Fund by 3.6% in the 2nd quarter. Perennial Investment Advisors LLC now owns 394,021 shares of the investment management company's stock valued at $3,034,000 after acquiring an additional 13,588 shares during the period. Choreo LLC purchased a new stake in Cornerstone Strategic Value Fund during the second quarter valued at about $125,000. Finally, Wedbush Securities Inc. boosted its position in Cornerstone Strategic Value Fund by 50.4% during the second quarter. Wedbush Securities Inc. now owns 20,900 shares of the investment management company's stock worth $161,000 after purchasing an additional 7,000 shares during the period.
Cornerstone Strategic Value Fund Price Performance
Shares of NYSEAMERICAN:CLM traded up $0.12 during trading on Friday, hitting $8.03. 4,864,333 shares of the company were exchanged, compared to its average volume of 1,435,848. Cornerstone Strategic Value Fund, Inc. has a 52-week low of $6.25 and a 52-week high of $8.03. The firm's 50 day moving average is $7.40.
Cornerstone Strategic Value Fund Announces Dividend
The company also recently declared a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $0.1086 dividend. The ex-dividend date is Tuesday, October 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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