Cambridge Investment Research Advisors Inc. Reduces Position in Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM)

Cambridge Investment Research Advisors Inc. lessened its holdings in Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) by 5.2% in the first quarter, Holdings Channel reports. The institutional investor owned 38,276 shares of the investment management company’s stock after selling 2,090 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Cornerstone Strategic Value Fund were worth $466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quad Cities Investment Group LLC raised its holdings in Cornerstone Strategic Value Fund by 34.3% in the 4th quarter. Quad Cities Investment Group LLC now owns 4,873 shares of the investment management company’s stock valued at $54,000 after buying an additional 1,244 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new stake in Cornerstone Strategic Value Fund during the 4th quarter valued at approximately $61,000. Harvest Group Wealth Management LLC acquired a new stake in Cornerstone Strategic Value Fund during the 1st quarter valued at approximately $61,000. Sheaff Brock Investment Advisors LLC acquired a new stake in Cornerstone Strategic Value Fund during the 1st quarter valued at approximately $131,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Cornerstone Strategic Value Fund during the 1st quarter valued at approximately $134,000.

NYSEAMERICAN:CLM opened at $11.69 on Friday. Cornerstone Strategic Value Fund Inc. has a fifty-two week low of $9.31 and a fifty-two week high of $14.54.

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.2053 per share. This represents a $2.46 dividend on an annualized basis and a yield of 21.07%. The ex-dividend date of this dividend is Wednesday, August 14th.

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Cornerstone Strategic Value Fund Company 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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