Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its holdings in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 67.0% during the fourth quarter, Holdings Channel reports. The fund owned 11,700 shares of the investment management company’s stock after selling 23,805 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cornerstone Strategic Value Fund were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in Cornerstone Strategic Value Fund by 716.2% in the third quarter. Thrivent Financial for Lutherans now owns 157,255 shares of the investment management company’s stock valued at $1,208,000 after acquiring an additional 137,988 shares during the period. Larson Financial Group LLC lifted its stake in shares of Cornerstone Strategic Value Fund by 51.4% in the 3rd quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 2,296 shares during the period. Townsquare Capital LLC purchased a new stake in Cornerstone Strategic Value Fund during the third quarter worth $83,000. Encompass More Asset Management acquired a new stake in Cornerstone Strategic Value Fund during the third quarter valued at $555,000. Finally, Benjamin Edwards Inc. purchased a new position in Cornerstone Strategic Value Fund in the third quarter valued at $1,367,000.

Cornerstone Strategic Value Fund Stock Performance

CLM stock opened at $7.67 on Wednesday. Cornerstone Strategic Value Fund, Inc. has a 52-week low of $6.50 and a 52-week high of $9.30. The stock’s 50-day moving average price is $8.37.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.1224 per share. The ex-dividend date is Tuesday, April 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.