Quarry LP Has $3.62 Million Stock Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Quarry LP lifted its stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 2.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 470,246 shares of the investment management company’s stock after buying an additional 13,058 shares during the quarter. Cornerstone Strategic Value Fund makes up about 0.8% of Quarry LP’s holdings, making the stock its 14th biggest holding. Quarry LP’s holdings in Cornerstone Strategic Value Fund were worth $3,621,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CLM. Alpine Global Management LLC grew its position in Cornerstone Strategic Value Fund by 0.3% in the first quarter. Alpine Global Management LLC now owns 5,399,519 shares of the investment management company’s stock valued at $40,604,000 after acquiring an additional 14,168 shares during the period. Karpus Management Inc. grew its holdings in shares of Cornerstone Strategic Value Fund by 224.1% in the 1st quarter. Karpus Management Inc. now owns 1,944,212 shares of the investment management company’s stock worth $14,620,000 after purchasing an additional 1,344,395 shares during the last quarter. TrueMark Investments LLC acquired a new stake in shares of Cornerstone Strategic Value Fund during the 2nd quarter worth about $4,500,000. Strategic Financial Concepts LLC increased its position in shares of Cornerstone Strategic Value Fund by 800.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock worth $39,000 after purchasing an additional 452,790 shares in the last quarter. Finally, Sea Otter Advisors LLC bought a new position in Cornerstone Strategic Value Fund during the 2nd quarter valued at about $3,850,000.

Cornerstone Strategic Value Fund Stock Performance

NYSEAMERICAN:CLM opened at $7.63 on Monday. Cornerstone Strategic Value Fund, Inc. has a 12 month low of $6.25 and a 12 month high of $8.11. The company has a 50-day moving average price of $7.39.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.1086 per share. The ex-dividend date is Tuesday, October 15th.

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.