Sculptor Capital LP purchased a new position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 181,573 shares of the investment management company's stock, valued at approximately $1,560,000. Sculptor Capital LP owned 0.07% of Cornerstone Strategic Value Fund at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. CoreCap Advisors LLC grew its position in Cornerstone Strategic Value Fund by 64.5% in the fourth quarter. CoreCap Advisors LLC now owns 48,156 shares of the investment management company's stock worth $414,000 after acquiring an additional 18,874 shares in the last quarter. Bank of America Corp DE increased its stake in Cornerstone Strategic Value Fund by 111.4% in the fourth quarter. Bank of America Corp DE now owns 197,934 shares of the investment management company's stock worth $1,700,000 after purchasing an additional 104,296 shares during the period. BIP Wealth LLC bought a new stake in shares of Cornerstone Strategic Value Fund during the fourth quarter worth $137,000. Aptus Capital Advisors LLC boosted its stake in shares of Cornerstone Strategic Value Fund by 8.5% during the fourth quarter. Aptus Capital Advisors LLC now owns 212,493 shares of the investment management company's stock valued at $1,825,000 after purchasing an additional 16,685 shares during the period. Finally, MGO One Seven LLC purchased a new stake in shares of Cornerstone Strategic Value Fund during the fourth quarter valued at $249,000.
Cornerstone Strategic Value Fund Stock Up 0.1%
Shares of NYSEAMERICAN CLM traded up $0.01 during trading hours on Thursday, reaching $7.32. The stock had a trading volume of 811,009 shares, compared to its average volume of 1,905,508. 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 price is $7.19 and its two-hundred day moving average price is $7.88.
Cornerstone Strategic Value Fund Dividend Announcement
The firm also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a $0.1224 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a dividend yield of 20.01%.
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.
Read More
Before you consider Cornerstone Strategic Value Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cornerstone Strategic Value Fund wasn't on the list.
While Cornerstone Strategic Value Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
