Stratos Wealth Partners LTD. purchased a new position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 36,139 shares of the investment management company's stock, valued at approximately $310,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of CLM. SeaCrest Wealth Management LLC raised its holdings in Cornerstone Strategic Value Fund by 14.1% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 53,950 shares of the investment management company's stock worth $414,000 after purchasing an additional 6,687 shares during the period. Evernest Financial Advisors LLC raised its holdings in Cornerstone Strategic Value Fund by 143.2% in the 3rd quarter. Evernest Financial Advisors LLC now owns 34,251 shares of the investment management company's stock worth $263,000 after purchasing an additional 20,167 shares during the period. Sequoia Financial Advisors LLC bought a new position in Cornerstone Strategic Value Fund in the 3rd quarter worth $164,000. Private Advisor Group LLC raised its holdings in Cornerstone Strategic Value Fund by 8.4% in the 3rd quarter. Private Advisor Group LLC now owns 56,996 shares of the investment management company's stock worth $438,000 after purchasing an additional 4,395 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Cornerstone Strategic Value Fund in the 3rd quarter worth $209,000.
Cornerstone Strategic Value Fund Stock Down 1.4 %
Cornerstone Strategic Value Fund stock traded down $0.13 during trading on Friday, reaching $8.96. The company had a trading volume of 1,724,965 shares, compared to its average volume of 1,624,517. 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 announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.1224 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.47 dividend on an annualized basis and a yield of 16.39%.
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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