Garden State Investment Advisory Services LLC Raises Stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Garden State Investment Advisory Services LLC lifted its holdings in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 55.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 54,288 shares of the investment management company’s stock after buying an additional 19,358 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in Cornerstone Strategic Value Fund were worth $418,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC raised its stake in shares of Cornerstone Strategic Value Fund by 27.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,857 shares of the investment management company’s stock worth $315,000 after purchasing an additional 9,500 shares during the last quarter. StoneX Group Inc. acquired a new stake in shares of Cornerstone Strategic Value Fund in the 4th quarter worth $144,000. SeaCrest Wealth Management LLC boosted its holdings in shares of Cornerstone Strategic Value Fund by 37.9% in the first quarter. SeaCrest Wealth Management LLC now owns 46,928 shares of the investment management company’s stock valued at $353,000 after acquiring an additional 12,901 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Cornerstone Strategic Value Fund by 2.7% during the first quarter. Commonwealth Equity Services LLC now owns 175,745 shares of the investment management company’s stock worth $1,322,000 after acquiring an additional 4,580 shares during the period. Finally, Clarity Capital Partners LLC raised 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 purchasing an additional 2,850 shares in the last quarter.

Cornerstone Strategic Value Fund Price Performance

Shares of NYSEAMERICAN:CLM opened at $7.53 on Friday. Cornerstone Strategic Value Fund, Inc. has a 52 week low of $6.25 and a 52 week high of $8.11. The firm has a 50-day moving average price of $7.39.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.1086 dividend. 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.