Ameriflex Group Inc. purchased a new position in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 91,100 shares of the investment management company's stock, valued at approximately $813,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in CLM. Alpine Global Management LLC lifted its stake in shares of Cornerstone Strategic Value Fund by 6.7% during the 4th quarter. Alpine Global Management LLC now owns 6,301,760 shares of the investment management company's stock worth $54,132,000 after purchasing an additional 393,853 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Cornerstone Strategic Value Fund by 37.2% during 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 last quarter. TrueMark Investments LLC lifted its stake in shares of Cornerstone Strategic Value Fund by 6.2% during 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 during the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Cornerstone Strategic Value Fund by 784.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 641,244 shares of the investment management company's stock worth $5,508,000 after purchasing an additional 568,744 shares during the last quarter. Finally, Cohen & Steers Inc. lifted its stake in shares of Cornerstone Strategic Value Fund by 11.0% during the 4th quarter. Cohen & Steers Inc. now owns 607,198 shares of the investment management company's stock worth $5,216,000 after purchasing an additional 60,000 shares during the last quarter.
Cornerstone Strategic Value Fund Trading Up 1.5%
Cornerstone Strategic Value Fund stock traded up $0.12 during midday trading on Friday, reaching $7.73. The company's stock had a trading volume of 1,523,357 shares, compared to its average volume of 1,918,417. The stock's 50-day simple moving average is $7.17 and its 200-day simple moving average is $7.88. Cornerstone Strategic Value Fund, Inc. has a 52-week low of $6.16 and a 52-week high of $9.30.
Cornerstone Strategic Value Fund Announces Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.1224 dividend. This represents a yield of 20.01%. The ex-dividend date of this dividend is Thursday, May 15th.
About Cornerstone Strategic Value Fund
(
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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