International Assets Investment Management LLC Takes $209,000 Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

International Assets Investment Management LLC acquired a new stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 27,264 shares of the investment management company’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cetera Investment Advisers increased its position in Cornerstone Strategic Value Fund by 64.0% during the 2nd quarter. Cetera Investment Advisers now owns 457,175 shares of the investment management company’s stock worth $3,520,000 after purchasing an additional 178,437 shares in the last quarter. Doliver Advisors LP acquired a new stake in Cornerstone Strategic Value Fund in the third quarter valued at approximately $2,206,000. Strategic Financial Concepts LLC grew its position in Cornerstone Strategic Value Fund by 800.0% in the second quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 452,790 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its position in Cornerstone Strategic Value Fund by 25.7% in the second quarter. Redhawk Wealth Advisors Inc. now owns 22,200 shares of the investment management company’s stock valued at $171,000 after acquiring an additional 4,537 shares in the last quarter. Finally, Sea Otter Advisors LLC acquired a new stake in Cornerstone Strategic Value Fund in the second quarter valued at approximately $3,850,000.

Cornerstone Strategic Value Fund Price Performance

Shares of NYSEAMERICAN:CLM opened at $8.28 on Thursday. Cornerstone Strategic Value Fund, Inc. has a 52-week low of $6.50 and a 52-week high of $8.28. The firm has a 50 day moving average price of $7.41.

Cornerstone Strategic Value Fund Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.1224 dividend. This represents a yield of 18.1%. The ex-dividend date is Friday, March 14th.

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.