Dakota Wealth Management Purchases 2,492 Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Dakota Wealth Management increased its position in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,777 shares of the investment management company’s stock after acquiring an additional 2,492 shares during the quarter. Dakota Wealth Management’s holdings in Cornerstone Strategic Value Fund were worth $645,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in Cornerstone Strategic Value Fund by 27.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,857 shares of the investment management company’s stock valued at $315,000 after purchasing an additional 9,500 shares in the last quarter. StoneX Group Inc. purchased a new stake in shares of Cornerstone Strategic Value Fund in the 4th quarter valued at $144,000. SeaCrest Wealth Management LLC boosted its holdings in shares of Cornerstone Strategic Value Fund by 37.9% in the 1st quarter. SeaCrest Wealth Management LLC now owns 46,928 shares of the investment management company’s stock valued at $353,000 after acquiring an additional 12,901 shares during the last quarter. PFG Investments LLC purchased a new stake in shares of Cornerstone Strategic Value Fund in the 1st quarter valued at $410,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Cornerstone Strategic Value Fund in the 1st quarter valued at $426,000.

Cornerstone Strategic Value Fund Price Performance

Shares of CLM stock remained flat at $7.57 during trading hours on Tuesday. 605,494 shares of the stock traded hands, compared to its average volume of 1,441,918. The stock’s 50-day moving average is $7.36. Cornerstone Strategic Value Fund, Inc. has a fifty-two week low of $6.25 and a fifty-two week high of $8.52.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.1086 dividend. This represents a $1.30 annualized dividend and a dividend yield of 17.22%. The ex-dividend date is Monday, December 16th.

About Cornerstone Strategic Value Fund

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.