CoreCap Advisors LLC Acquires 18,874 Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

CoreCap Advisors LLC lifted its stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 64.5% during the fourth quarter, HoldingsChannel reports. The firm owned 48,156 shares of the investment management company’s stock after purchasing an additional 18,874 shares during the period. CoreCap Advisors LLC’s holdings in Cornerstone Strategic Value Fund were worth $414,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CLM. Strategic Financial Concepts LLC lifted its stake in Cornerstone Strategic Value Fund by 784.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 641,244 shares of the investment management company’s stock worth $5,508,000 after acquiring an additional 568,744 shares during the period. Alpine Global Management LLC raised its holdings in shares of Cornerstone Strategic Value Fund by 6.7% in 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 purchasing an additional 393,853 shares in the last quarter. LPL Financial LLC lifted its position in shares of Cornerstone Strategic Value Fund by 37.2% in the 4th quarter. LPL Financial LLC now owns 1,306,485 shares of the investment management company’s stock worth $11,223,000 after purchasing an additional 354,086 shares during the period. Raymond James Financial Inc. bought a new position in shares of Cornerstone Strategic Value Fund during the fourth quarter valued at approximately $2,678,000. Finally, HighTower Advisors LLC purchased a new position in Cornerstone Strategic Value Fund during the fourth quarter valued at approximately $1,022,000.

Cornerstone Strategic Value Fund Stock Performance

Cornerstone Strategic Value Fund stock opened at $7.06 on Friday. The business has a fifty day moving average of $7.25 and a two-hundred day moving average of $7.90. Cornerstone Strategic Value Fund, Inc. has a twelve month low of $6.16 and a twelve month high of $9.30.

Cornerstone Strategic Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.1224 per share. This represents a $1.47 dividend on an annualized basis and a yield of 20.80%. The ex-dividend date is Monday, June 16th.

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.