Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) Stake Increased by Advisor Group Inc.

Advisor Group Inc. grew its stake in Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) by 15.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,615 shares of the investment management company’s stock after acquiring an additional 12,485 shares during the quarter. Advisor Group Inc. owned 0.13% of Cornerstone Strategic Value Fund worth $1,127,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Mid Atlantic Financial Management Inc. ADV bought a new stake in Cornerstone Strategic Value Fund during the 1st quarter worth approximately $162,000. Raymond James & Associates bought a new stake in Cornerstone Strategic Value Fund during the 1st quarter worth approximately $166,000. Raymond James Financial Services Advisors Inc. bought a new stake in Cornerstone Strategic Value Fund during the 1st quarter worth approximately $134,000. Harvest Group Wealth Management LLC bought a new stake in Cornerstone Strategic Value Fund during the 1st quarter worth approximately $61,000. Finally, Joseph P. Lucia & Associates LLC bought a new stake in Cornerstone Strategic Value Fund during the 1st quarter worth approximately $505,000.

Shares of CLM opened at $12.02 on Thursday. Cornerstone Strategic Value Fund Inc. has a twelve month low of $9.31 and a twelve month high of $45.09.

The firm also recently declared a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.2053 per share. The ex-dividend date is Wednesday, August 14th. This represents a $2.46 annualized dividend and a dividend yield of 20.50%.

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Cornerstone Strategic Value Fund Profile

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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.

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Institutional Ownership by Quarter for Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM)

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