Encompass More Asset Management Purchases 3,459 Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Encompass More Asset Management boosted its position in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 75,751 shares of the investment management company’s stock after acquiring an additional 3,459 shares during the quarter. Encompass More Asset Management’s holdings in Cornerstone Strategic Value Fund were worth $651,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sea Otter Advisors LLC purchased a new position in Cornerstone Strategic Value Fund during the 2nd quarter worth $3,850,000. Doliver Advisors LP purchased a new position in Cornerstone Strategic Value Fund during the 3rd quarter valued at about $2,206,000. Cetera Investment Advisers raised its holdings in shares of Cornerstone Strategic Value Fund by 64.0% in the 2nd quarter. Cetera Investment Advisers now owns 457,175 shares of the investment management company’s stock valued at $3,520,000 after purchasing an additional 178,437 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of Cornerstone Strategic Value Fund in the 3rd quarter worth approximately $1,367,000. Finally, Thrivent Financial for Lutherans raised its stake in Cornerstone Strategic Value Fund by 716.2% in the third quarter. Thrivent Financial for Lutherans now owns 157,255 shares of the investment management company’s stock worth $1,208,000 after buying an additional 137,988 shares in the last quarter.

Cornerstone Strategic Value Fund Stock Up 0.1 %

Shares of NYSEAMERICAN:CLM opened at $8.80 on Friday. Cornerstone Strategic Value Fund, Inc. has a 12-month low of $6.50 and a 12-month high of $9.30.

Cornerstone Strategic Value Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a $0.1224 dividend. The ex-dividend date is Wednesday, January 15th. This represents a yield of 16.92%.

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.