Benjamin Edwards Inc. Trims Stock Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Benjamin Edwards Inc. decreased its position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 157,689 shares of the investment management company’s stock after selling 20,364 shares during the period. Benjamin Edwards Inc. owned 0.07% of Cornerstone Strategic Value Fund worth $1,355,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BIP Wealth LLC purchased a new stake in shares of Cornerstone Strategic Value Fund in the 4th quarter worth approximately $137,000. Aptus Capital Advisors LLC raised its stake in Cornerstone Strategic Value Fund by 8.5% in the fourth quarter. Aptus Capital Advisors LLC now owns 212,493 shares of the investment management company’s stock worth $1,825,000 after buying an additional 16,685 shares in the last quarter. MGO One Seven LLC purchased a new stake in Cornerstone Strategic Value Fund during the fourth quarter worth $249,000. Alpine Global Management LLC boosted its position in Cornerstone Strategic Value Fund by 6.7% during the 4th quarter. Alpine Global Management LLC now owns 6,301,760 shares of the investment management company’s stock valued at $54,132,000 after acquiring an additional 393,853 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Cornerstone Strategic Value Fund by 49.8% in the 4th quarter. Stifel Financial Corp now owns 42,118 shares of the investment management company’s stock valued at $362,000 after acquiring an additional 14,008 shares during the period.

Cornerstone Strategic Value Fund Price Performance

Shares of Cornerstone Strategic Value Fund stock opened at $7.00 on Thursday. Cornerstone Strategic Value Fund, Inc. has a 52-week low of $6.16 and a 52-week high of $9.30. The firm’s 50 day moving average price is $7.29 and its 200-day moving average price is $7.91.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.1224 per share. The ex-dividend date was Tuesday, April 15th.

Cornerstone Strategic Value Fund 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.