Yakira Capital Management Inc. Sells 373,147 Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Yakira Capital Management Inc. cut its stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 91.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,173 shares of the investment management company's stock after selling 373,147 shares during the period. Yakira Capital Management Inc.'s holdings in Cornerstone Strategic Value Fund were worth $294,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc bought a new position in shares of Cornerstone Strategic Value Fund during the fourth quarter worth about $37,000. Anfield Capital Management LLC acquired a new stake in Cornerstone Strategic Value Fund during the 4th quarter valued at approximately $56,000. Assetmark Inc. bought a new position in Cornerstone Strategic Value Fund during the 4th quarter worth approximately $60,000. Townsquare Capital LLC acquired a new position in shares of Cornerstone Strategic Value Fund in the 3rd quarter worth approximately $83,000. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Cornerstone Strategic Value Fund in the 4th quarter worth approximately $86,000.

Cornerstone Strategic Value Fund Trading Up 0.6 %

Shares of CLM traded up $0.05 during trading hours on Friday, hitting $7.16. 1,820,356 shares of the stock were exchanged, compared to its average volume of 1,823,117. Cornerstone Strategic Value Fund, Inc. has a fifty-two week low of $6.16 and a fifty-two week high of $9.30. The business has a 50-day moving average of $7.99 and a 200-day moving average of $8.01.

Cornerstone Strategic Value Fund Announces Dividend

The company also recently declared 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.

About Cornerstone Strategic Value Fund

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.