Raymond James Financial Inc. purchased a new stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 311,701 shares of the investment management company's stock, valued at approximately $2,678,000. Raymond James Financial Inc. owned 0.13% of Cornerstone Strategic Value Fund as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Benjamin Edwards Inc. purchased a new position in Cornerstone Strategic Value Fund during the third quarter worth about $1,367,000. Stratos Wealth Partners LTD. purchased a new position in Cornerstone Strategic Value Fund in the 4th quarter worth approximately $310,000. Winebrenner Capital Management LLC bought a new position in shares of Cornerstone Strategic Value Fund in the 4th quarter worth $931,000. Jane Street Group LLC raised its position in shares of Cornerstone Strategic Value Fund by 303.7% during the 3rd quarter. Jane Street Group LLC now owns 43,292 shares of the investment management company's stock valued at $332,000 after buying an additional 32,567 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Cornerstone Strategic Value Fund by 716.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 157,255 shares of the investment management company's stock worth $1,208,000 after acquiring an additional 137,988 shares during the last quarter.
Cornerstone Strategic Value Fund Stock Up 0.5 %
CLM traded up $0.04 during trading on Wednesday, reaching $7.48. The stock had a trading volume of 935,255 shares, compared to its average volume of 1,765,429. The business has a 50-day moving average of $8.25 and a 200-day moving average of $8.06. Cornerstone Strategic Value Fund, Inc. has a one year low of $6.50 and a one year high of $9.30.
Cornerstone Strategic Value Fund Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.1224 per share. The ex-dividend date of this dividend is Tuesday, April 15th.
Cornerstone Strategic Value Fund 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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