Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Stock Position Lifted by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC lifted its holdings in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 74,650 shares of the investment management company’s stock after purchasing an additional 2,150 shares during the quarter. Strategic Financial Concepts LLC’s holdings in Cornerstone Strategic Value Fund were worth $641,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Larson Financial Group LLC raised its stake in shares of Cornerstone Strategic Value Fund by 51.4% in the 3rd quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock worth $52,000 after buying an additional 2,296 shares in the last quarter. Planning Capital Management Corp boosted its stake in Cornerstone Strategic Value Fund by 2,598.4% during the third quarter. Planning Capital Management Corp now owns 3,481 shares of the investment management company’s stock valued at $27,000 after buying an additional 3,352 shares in the last quarter. Encompass More Asset Management boosted its stake in Cornerstone Strategic Value Fund by 4.8% during the fourth quarter. Encompass More Asset Management now owns 75,751 shares of the investment management company’s stock valued at $651,000 after buying an additional 3,459 shares in the last quarter. Private Advisor Group LLC boosted its stake in Cornerstone Strategic Value Fund by 8.4% during the third quarter. Private Advisor Group LLC now owns 56,996 shares of the investment management company’s stock valued at $438,000 after buying an additional 4,395 shares in the last quarter. Finally, Quarry LP boosted its stake in Cornerstone Strategic Value Fund by 1.0% during the third quarter. Quarry LP now owns 474,958 shares of the investment management company’s stock valued at $3,648,000 after buying an additional 4,712 shares in the last quarter.

Cornerstone Strategic Value Fund Stock Performance

Shares of CLM stock opened at $8.92 on Thursday. Cornerstone Strategic Value Fund, Inc. has a fifty-two week low of $6.50 and a fifty-two week high of $9.30.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.1224 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 16.47%.

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.