311,701 Shares in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased 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 fund purchased 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 quarter.

A number of other large investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its stake in 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 acquiring an additional 354,086 shares during the last quarter. TrueMark Investments LLC increased its stake in Cornerstone Strategic Value Fund by 6.2% in the 4th quarter. TrueMark Investments LLC now owns 647,416 shares of the investment management company's stock worth $5,561,000 after acquiring an additional 37,784 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in Cornerstone Strategic Value Fund by 784.5% in the 4th 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 last quarter. Perennial Investment Advisors LLC increased 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 purchasing an additional 24,134 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Cornerstone Strategic Value Fund by 32.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 247,311 shares of the investment management company's stock valued at $2,124,000 after buying an additional 60,888 shares during the period.

Cornerstone Strategic Value Fund Trading Up 0.4 %

CLM stock opened at $6.97 on Wednesday. Cornerstone Strategic Value Fund, Inc. has a twelve month low of $6.16 and a twelve month high of $9.30. The firm's fifty day simple moving average is $7.51 and its two-hundred day simple moving average is $7.94.

Cornerstone Strategic Value Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.1224 per share. The ex-dividend date of this dividend is 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.

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