Sea Otter Advisors LLC Makes New $3.85 Million Investment in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Sea Otter Advisors LLC purchased a new stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) in the 2nd quarter, Holdings Channel reports. The fund purchased 500,000 shares of the investment management company’s stock, valued at approximately $3,850,000. Cornerstone Strategic Value Fund comprises approximately 27.4% of Sea Otter Advisors LLC’s portfolio, making the stock its largest position.

Other large investors have also recently modified their holdings of the company. Dakota Wealth Management increased its position in Cornerstone Strategic Value Fund by 3.1% during the 2nd quarter. Dakota Wealth Management now owns 83,777 shares of the investment management company’s stock valued at $645,000 after purchasing an additional 2,492 shares during the period. Clarity Capital Partners LLC lifted its holdings in Cornerstone Strategic Value Fund by 3.3% during the first quarter. Clarity Capital Partners LLC now owns 89,547 shares of the investment management company’s stock worth $673,000 after buying an additional 2,850 shares during the period. CWM LLC boosted its position in Cornerstone Strategic Value Fund by 3.6% during the 2nd quarter. CWM LLC now owns 85,559 shares of the investment management company’s stock valued at $659,000 after acquiring an additional 2,972 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of Cornerstone Strategic Value Fund by 1.5% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 229,849 shares of the investment management company’s stock valued at $1,770,000 after acquiring an additional 3,450 shares during the period. Finally, Raymond James Trust N.A. raised its position in shares of Cornerstone Strategic Value Fund by 9.1% in the 2nd quarter. Raymond James Trust N.A. now owns 43,303 shares of the investment management company’s stock worth $333,000 after acquiring an additional 3,602 shares in the last quarter.

Cornerstone Strategic Value Fund Price Performance

Shares of NYSEAMERICAN CLM opened at $7.64 on Friday. The stock’s fifty day moving average is $7.39. Cornerstone Strategic Value Fund, Inc. has a 1-year low of $6.25 and a 1-year high of $8.11.

Cornerstone Strategic Value Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.1086 dividend. The ex-dividend date of this dividend is Tuesday, October 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.