Thrivent Financial for Lutherans cut its holdings in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 27.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,452 shares of the investment management company's stock after selling 42,803 shares during the quarter. Thrivent Financial for Lutherans' holdings in Cornerstone Strategic Value Fund were worth $983,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV boosted its stake in shares of Cornerstone Strategic Value Fund by 1.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 90,367 shares of the investment management company's stock worth $776,000 after acquiring an additional 1,631 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Cornerstone Strategic Value Fund by 32.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 247,311 shares of the investment management company's stock worth $2,124,000 after purchasing an additional 60,888 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in Cornerstone Strategic Value Fund during the fourth quarter valued at approximately $323,000. HighTower Advisors LLC bought a new position in shares of Cornerstone Strategic Value Fund in the fourth quarter valued at approximately $1,022,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Cornerstone Strategic Value Fund in the fourth quarter worth $298,000.
Cornerstone Strategic Value Fund Price Performance
Shares of NYSEAMERICAN CLM traded down $0.32 during trading hours on Friday, hitting $6.85. 4,412,392 shares of the stock were exchanged, compared to its average volume of 1,783,437. Cornerstone Strategic Value Fund, Inc. has a one year low of $6.50 and a one year high of $9.30. The company's 50 day moving average is $8.19 and its 200 day moving average is $8.05.
Cornerstone Strategic Value Fund Announces Dividend
The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders 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.
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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