Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Shares Acquired by Alpine Global Management LLC

Alpine Global Management LLC increased its position in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,301,760 shares of the investment management company's stock after purchasing an additional 393,853 shares during the period. Cornerstone Strategic Value Fund accounts for about 11.7% of Alpine Global Management LLC's investment portfolio, making the stock its largest holding. Alpine Global Management LLC owned 2.60% of Cornerstone Strategic Value Fund worth $54,132,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings 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 valued at $11,223,000 after acquiring an additional 354,086 shares during the last quarter. TrueMark Investments LLC raised its holdings in shares of 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 purchasing an additional 37,784 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in Cornerstone Strategic Value Fund by 784.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 641,244 shares of the investment management company's stock valued at $5,508,000 after purchasing an additional 568,744 shares during the last quarter. Cohen & Steers Inc. lifted its stake in Cornerstone Strategic Value Fund by 11.0% during the fourth quarter. Cohen & Steers Inc. now owns 607,198 shares of the investment management company's stock valued at $5,216,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Perennial Investment Advisors LLC boosted its holdings in Cornerstone Strategic Value Fund by 5.9% during the fourth quarter. Perennial Investment Advisors LLC now owns 434,677 shares of the investment management company's stock worth $3,734,000 after buying an additional 24,134 shares in the last quarter.

Cornerstone Strategic Value Fund Price Performance

CLM stock traded up $0.04 during mid-day trading on Wednesday, reaching $7.50. 861,313 shares of the stock traded hands, compared to its average volume of 1,916,174. Cornerstone Strategic Value Fund, Inc. has a 52-week low of $6.16 and a 52-week high of $9.30. The stock's fifty day moving average is $7.17 and its 200-day moving average is $7.87.

Cornerstone Strategic Value Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.1224 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a dividend yield of 20.01%.

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.