Independent Advisor Alliance Acquires Shares of 34,697 Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Independent Advisor Alliance acquired a new stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 34,697 shares of the investment management company’s stock, valued at approximately $298,000.

Several other large investors have also bought and sold shares of the company. Strategic Financial Concepts LLC boosted its position in Cornerstone Strategic Value Fund by 784.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 641,244 shares of the investment management company’s stock valued at $5,508,000 after acquiring an additional 568,744 shares in the last quarter. Quarry LP boosted its position in shares of Cornerstone Strategic Value Fund by 1.0% in the 3rd quarter. Quarry LP now owns 474,958 shares of the investment management company’s stock worth $3,648,000 after purchasing an additional 4,712 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Cornerstone Strategic Value Fund in the 4th quarter worth approximately $2,678,000. Benjamin Edwards Inc. bought a new stake in shares of Cornerstone Strategic Value Fund in the 3rd quarter worth approximately $1,367,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of Cornerstone Strategic Value Fund by 716.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 157,255 shares of the investment management company’s stock worth $1,208,000 after purchasing an additional 137,988 shares in the last quarter.

Cornerstone Strategic Value Fund Trading Down 1.0 %

Shares of CLM opened at $7.57 on Wednesday. The stock has a 50 day moving average of $8.47. Cornerstone Strategic Value Fund, Inc. has a 52 week low of $6.50 and a 52 week high of $9.30.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a $0.1224 dividend. 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.