Kane Investment Management Inc. bought a new stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 38,634 shares of the investment management company's stock, valued at approximately $332,000.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. LPL Financial LLC increased its holdings in shares of Cornerstone Strategic Value Fund by 37.2% in the fourth quarter. LPL Financial LLC now owns 1,306,485 shares of the investment management company's stock valued at $11,223,000 after purchasing an additional 354,086 shares during the last quarter. TrueMark Investments LLC grew its holdings in 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 valued at $5,561,000 after buying an additional 37,784 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Cornerstone Strategic Value Fund by 784.5% in the 4th 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 last quarter. Cohen & Steers Inc. increased its stake in shares of Cornerstone Strategic Value Fund by 11.0% in the 4th quarter. Cohen & Steers Inc. now owns 607,198 shares of the investment management company's stock worth $5,216,000 after acquiring an additional 60,000 shares during the last quarter. Finally, Perennial Investment Advisors LLC raised its holdings in shares of Cornerstone Strategic Value Fund by 5.9% during the 4th quarter. Perennial Investment Advisors LLC now owns 434,677 shares of the investment management company's stock worth $3,734,000 after acquiring an additional 24,134 shares during the period.
Cornerstone Strategic Value Fund Trading Up 0.7 %
Shares of CLM traded up $0.05 during mid-day trading on Friday, reaching $6.92. The stock had a trading volume of 4,244,471 shares, compared to its average volume of 1,862,651. Cornerstone Strategic Value Fund, Inc. has a 52-week low of $6.16 and a 52-week high of $9.30. The business's fifty day moving average is $7.79 and its 200 day moving average is $7.98.
Cornerstone Strategic Value Fund Dividend Announcement
The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.1224 per share. The ex-dividend date of this dividend is Tuesday, April 15th.
Cornerstone Strategic Value Fund 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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