Rivernorth Capital Management LLC Has $4.59 Million Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Rivernorth Capital Management LLC lowered its holdings in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 70.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 597,293 shares of the investment management company’s stock after selling 1,407,864 shares during the period. Rivernorth Capital Management LLC owned 0.25% of Cornerstone Strategic Value Fund worth $4,587,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Planning Capital Management Corp increased its position in Cornerstone Strategic Value Fund by 2,598.4% during the 3rd quarter. Planning Capital Management Corp now owns 3,481 shares of the investment management company’s stock worth $27,000 after purchasing an additional 3,352 shares in the last quarter. Strategic Financial Concepts LLC grew its position in Cornerstone Strategic Value Fund by 800.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock worth $39,000 after acquiring an additional 452,790 shares during the last quarter. Larson Financial Group LLC increased its holdings in Cornerstone Strategic Value Fund by 51.4% in the 3rd quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock worth $52,000 after purchasing an additional 2,296 shares in the last quarter. Townsquare Capital LLC bought a new position in Cornerstone Strategic Value Fund in the third quarter valued at about $83,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Cornerstone Strategic Value Fund in the third quarter valued at about $102,000.

Cornerstone Strategic Value Fund Trading Up 1.6 %

Shares of NYSEAMERICAN CLM opened at $8.67 on Friday. 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 company also recently announced a — dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.1224 per share. This represents a yield of 18.1%. The ex-dividend date is Friday, March 14th.

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.