Strategic Financial Concepts LLC Has $5.51 Million Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Strategic Financial Concepts LLC increased its position in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 784.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 641,244 shares of the investment management company's stock after acquiring an additional 568,744 shares during the quarter. Strategic Financial Concepts LLC owned about 0.26% of Cornerstone Strategic Value Fund worth $5,508,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Creative Planning increased its holdings in Cornerstone Strategic Value Fund by 344.1% in the second quarter. Creative Planning now owns 108,430 shares of the investment management company's stock valued at $835,000 after purchasing an additional 84,013 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Cornerstone Strategic Value Fund by 25.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 35,663 shares of the investment management company's stock valued at $274,000 after purchasing an additional 7,310 shares during the last quarter. Prairie Sky Financial Group LLC bought a new stake in shares of Cornerstone Strategic Value Fund in the third quarter worth about $120,000. SeaCrest Wealth Management LLC increased its holdings in shares of Cornerstone Strategic Value Fund by 14.1% in the third quarter. SeaCrest Wealth Management LLC now owns 53,950 shares of the investment management company's stock worth $414,000 after acquiring an additional 6,687 shares in the last quarter. Finally, Evernest Financial Advisors LLC increased its holdings in shares of Cornerstone Strategic Value Fund by 143.2% in the third quarter. Evernest Financial Advisors LLC now owns 34,251 shares of the investment management company's stock worth $263,000 after acquiring an additional 20,167 shares in the last quarter.

Cornerstone Strategic Value Fund Stock Performance

Shares of Cornerstone Strategic Value Fund stock traded up $0.03 during trading hours on Wednesday, hitting $9.01. The company's stock had a trading volume of 2,394,370 shares, compared to its average volume of 1,622,424. Cornerstone Strategic Value Fund, Inc. has a 12 month low of $6.50 and a 12 month high of $9.30.

Cornerstone Strategic Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.1224 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 16.30%.

Cornerstone Strategic Value Fund Company 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.