Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC trimmed its position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 77.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,265 shares of the investment management company’s stock after selling 37,861 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Cornerstone Strategic Value Fund were worth $97,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CLM. Anfield Capital Management LLC acquired a new position in Cornerstone Strategic Value Fund in the fourth quarter valued at approximately $56,000. Oppenheimer & Co. Inc. boosted its stake in Cornerstone Strategic Value Fund by 14.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 15,970 shares of the investment management company’s stock valued at $137,000 after acquiring an additional 2,000 shares during the period. IFP Advisors Inc acquired a new position in Cornerstone Strategic Value Fund in the fourth quarter valued at approximately $37,000. Winebrenner Capital Management LLC acquired a new position in Cornerstone Strategic Value Fund in the fourth quarter valued at approximately $931,000. Finally, J.W. Cole Advisors Inc. boosted its stake in Cornerstone Strategic Value Fund by 69.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 132,835 shares of the investment management company’s stock valued at $1,141,000 after acquiring an additional 54,659 shares during the period.

Cornerstone Strategic Value Fund Price Performance

Shares of CLM stock opened at $7.65 on Tuesday. The company has a 50 day moving average of $8.48. 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. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.1224 per share. The ex-dividend date of this dividend is Tuesday, April 15th.

Cornerstone Strategic Value Fund 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.