Bank of America Corp DE lifted its position in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 111.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 197,934 shares of the investment management company's stock after acquiring an additional 104,296 shares during the period. Bank of America Corp DE owned approximately 0.08% of Cornerstone Strategic Value Fund worth $1,700,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in CLM. IFP Advisors Inc acquired a new position in Cornerstone Strategic Value Fund during the 4th quarter worth approximately $37,000. Anfield Capital Management LLC acquired a new position in Cornerstone Strategic Value Fund during the 4th quarter worth approximately $56,000. Assetmark Inc. acquired a new position in Cornerstone Strategic Value Fund during the 4th quarter worth approximately $60,000. Kingsview Wealth Management LLC acquired a new position in Cornerstone Strategic Value Fund during the 4th quarter worth approximately $86,000. Finally, Townsquare Capital LLC increased its position in Cornerstone Strategic Value Fund by 12.2% during the 4th quarter. Townsquare Capital LLC now owns 12,086 shares of the investment management company's stock worth $104,000 after purchasing an additional 1,317 shares in the last quarter.
Cornerstone Strategic Value Fund Price Performance
CLM stock traded up $0.07 during trading on Friday, reaching $7.95. 1,374,364 shares of the company were exchanged, compared to its average volume of 1,930,373. The company has a 50-day moving average of $7.21 and a two-hundred day moving average of $7.88. Cornerstone Strategic Value Fund, Inc. has a twelve month low of $6.16 and a twelve month high of $9.30.
Cornerstone Strategic Value Fund Announces Dividend
The firm also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.1224 dividend. This represents a yield of 20.01%. The ex-dividend date of this dividend was Thursday, May 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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