HighTower Advisors LLC Acquires New Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

HighTower Advisors LLC bought a new position in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 118,993 shares of the investment management company’s stock, valued at approximately $1,022,000.

A number of other large investors have also recently modified their holdings of the business. IFP Advisors Inc bought a new stake in shares of Cornerstone Strategic Value Fund during the 4th quarter valued at approximately $37,000. Larson Financial Group LLC boosted its position in Cornerstone Strategic Value Fund by 51.4% in the third quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock valued at $52,000 after buying an additional 2,296 shares in the last quarter. Anfield Capital Management LLC acquired a new position in shares of Cornerstone Strategic Value Fund during the fourth quarter worth $56,000. Assetmark Inc. acquired a new position in shares of Cornerstone Strategic Value Fund during the fourth quarter worth $60,000. Finally, Townsquare Capital LLC bought a new position in shares of Cornerstone Strategic Value Fund in the 3rd quarter valued at $83,000.

Cornerstone Strategic Value Fund Stock Performance

Shares of CLM stock opened at $7.60 on Thursday. Cornerstone Strategic Value Fund, Inc. has a twelve month low of $6.50 and a twelve month high of $9.30. The stock’s fifty day moving average price is $8.35.

Cornerstone Strategic Value Fund Announces Dividend

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 Company Profile

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.