Stifel Financial Corp Grows Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Stifel Financial Corp lifted its holdings in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 49.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 42,118 shares of the investment management company’s stock after purchasing an additional 14,008 shares during the quarter. Stifel Financial Corp’s holdings in Cornerstone Strategic Value Fund were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. IFP Advisors Inc acquired a new position in shares of Cornerstone Strategic Value Fund during the 4th quarter worth $37,000. Anfield Capital Management LLC acquired a new position in shares of Cornerstone Strategic Value Fund in the 4th quarter valued at approximately $56,000. Assetmark Inc. bought a new stake in shares of Cornerstone Strategic Value Fund in the 4th quarter valued at approximately $60,000. Kingsview Wealth Management LLC bought a new position in Cornerstone Strategic Value Fund during the 4th quarter worth $86,000. Finally, Sonora Investment Management Group LLC acquired a new position in Cornerstone Strategic Value Fund during the 4th quarter worth $87,000.

Cornerstone Strategic Value Fund Stock Performance

Shares of Cornerstone Strategic Value Fund stock opened at $7.36 on Wednesday. Cornerstone Strategic Value Fund, Inc. has a fifty-two week low of $6.16 and a fifty-two week high of $9.30. The business has a fifty day simple moving average of $7.23 and a 200-day simple moving average of $7.90.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.1224 per share. This represents a $1.47 annualized dividend and a yield of 19.96%. The ex-dividend date of this dividend is Monday, September 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.