SeaCrest Wealth Management LLC lowered its stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) by 64.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,907 shares of the investment management company's stock after selling 33,792 shares during the quarter. SeaCrest Wealth Management LLC's holdings in Cornerstone Strategic Value Fund were worth $140,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. DAVENPORT & Co LLC purchased a new stake in Cornerstone Strategic Value Fund in the fourth quarter valued at approximately $110,000. Stratos Wealth Partners LTD. bought a new stake in shares of Cornerstone Strategic Value Fund in the 4th quarter valued at about $310,000. Kingsview Wealth Management LLC bought a new stake in Cornerstone Strategic Value Fund in the fourth quarter valued at approximately $86,000. Soltis Investment Advisors LLC boosted its position in Cornerstone Strategic Value Fund by 55.9% during the 4th quarter. Soltis Investment Advisors LLC now owns 20,730 shares of the investment management company's stock valued at $178,000 after buying an additional 7,430 shares during the period. Finally, Strategic Financial Concepts LLC grew its stake in shares of Cornerstone Strategic Value Fund by 3.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 74,650 shares of the investment management company's stock worth $641,000 after purchasing an additional 2,150 shares during the last quarter.
Cornerstone Strategic Value Fund Price Performance
Shares of CLM traded down $0.03 during mid-day trading on Thursday, hitting $8.00. 1,266,513 shares of the company's stock traded hands, compared to its average volume of 1,933,135. The business's 50-day moving average price is $7.26 and its 200-day moving average price is $7.89. Cornerstone Strategic Value Fund, Inc. has a 1 year low of $6.16 and a 1 year high of $9.30.
Cornerstone Strategic Value Fund Announces Dividend
The business also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.1224 dividend. This represents a yield of 20.01%. The ex-dividend date of this dividend was 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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