Raymond James Financial Inc. bought a new position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 311,701 shares of the investment management company's stock, valued at approximately $2,678,000. Raymond James Financial Inc. owned approximately 0.13% of Cornerstone Strategic Value Fund at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in Cornerstone Strategic Value Fund by 82.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 47,653 shares of the investment management company's stock worth $409,000 after purchasing an additional 21,514 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of Cornerstone Strategic Value Fund by 15.7% during the 4th quarter. Wedbush Securities Inc. now owns 24,350 shares of the investment management company's stock worth $209,000 after buying an additional 3,300 shares during the last quarter. Perennial Investment Advisors LLC raised its position in shares of Cornerstone Strategic Value Fund by 5.9% during the 4th quarter. Perennial Investment Advisors LLC now owns 434,677 shares of the investment management company's stock valued at $3,734,000 after buying an additional 24,134 shares during the period. StoneX Group Inc. lifted its holdings in Cornerstone Strategic Value Fund by 39.6% in the fourth quarter. StoneX Group Inc. now owns 84,325 shares of the investment management company's stock valued at $724,000 after acquiring an additional 23,921 shares during the last quarter. Finally, TrueMark Investments LLC lifted its holdings in Cornerstone Strategic Value Fund by 6.2% in the fourth quarter. TrueMark Investments LLC now owns 647,416 shares of the investment management company's stock valued at $5,561,000 after acquiring an additional 37,784 shares during the last quarter.
Cornerstone Strategic Value Fund Stock Performance
Shares of CLM stock traded down $0.03 during trading hours on Monday, hitting $7.09. The company had a trading volume of 342,651 shares, compared to its average volume of 2,308,837. The company's fifty day moving average is $7.39 and its 200 day moving average is $7.92. Cornerstone Strategic Value Fund, Inc. has a fifty-two week low of $6.16 and a fifty-two week high of $9.30.
Cornerstone Strategic Value Fund Announces Dividend
The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were given a $0.1224 dividend. The ex-dividend date was Tuesday, April 15th.
Cornerstone Strategic Value Fund Company 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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