Sonora Investment Management Group LLC Takes $87,000 Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Sonora Investment Management Group LLC purchased a new stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) during the fourth quarter, Holdings Channel reports. The fund purchased 10,133 shares of the investment management company’s stock, valued at approximately $87,000.

Other hedge funds have also recently made changes to their positions in the company. Cetera Investment Advisers raised its position in shares of Cornerstone Strategic Value Fund by 64.0% during the second quarter. Cetera Investment Advisers now owns 457,175 shares of the investment management company’s stock worth $3,520,000 after acquiring an additional 178,437 shares during the last quarter. Benjamin Edwards Inc. bought a new position in shares of Cornerstone Strategic Value Fund during the third quarter worth about $1,367,000. Thrivent Financial for Lutherans raised its position in shares of Cornerstone Strategic Value Fund by 716.2% during the third quarter. Thrivent Financial for Lutherans now owns 157,255 shares of the investment management company’s stock worth $1,208,000 after acquiring an additional 137,988 shares during the last quarter. Creative Planning raised its position in shares of Cornerstone Strategic Value Fund by 344.1% during the second quarter. Creative Planning now owns 108,430 shares of the investment management company’s stock worth $835,000 after acquiring an additional 84,013 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new position in shares of Cornerstone Strategic Value Fund during the third quarter worth about $600,000.

Cornerstone Strategic Value Fund Stock Up 0.2 %

Shares of CLM stock opened at $8.92 on Friday. Cornerstone Strategic Value Fund, Inc. has a fifty-two week low of $6.50 and a fifty-two week high of $9.30.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a $0.1224 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a yield of 16.92%.

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.