Bank of America Corp DE Has $1.70 Million Stock Holdings in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Bank of America Corp DE boosted its holdings in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 111.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 have also recently added to or reduced their stakes in CLM. Strategic Financial Concepts LLC raised its holdings in shares of 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 worth $5,508,000 after acquiring an additional 568,744 shares during the period. Alpine Global Management LLC increased its holdings in 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 in the last quarter. LPL Financial LLC increased its holdings in 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Cornerstone Strategic Value Fund in the 4th quarter valued at about $2,678,000. Finally, HighTower Advisors LLC bought a new stake in shares of Cornerstone Strategic Value Fund in the fourth quarter valued at about $1,022,000.

Cornerstone Strategic Value Fund Stock Up 0.9%

Shares of CLM stock traded up $0.07 on Friday, hitting $7.95. 1,374,244 shares of the stock were exchanged, compared to its average volume of 1,925,273. 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 $7.20 and a 200 day moving average of $7.88.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a dividend of $0.1224 per share. This represents a yield of 20.01%. The ex-dividend date of this dividend was Thursday, May 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.