J.W. Cole Advisors Inc. Raises Stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

J.W. Cole Advisors Inc. increased its stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 69.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 132,835 shares of the investment management company’s stock after acquiring an additional 54,659 shares during the period. J.W. Cole Advisors Inc. owned approximately 0.05% of Cornerstone Strategic Value Fund worth $1,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CLM. Strategic Financial Concepts LLC lifted its position in Cornerstone Strategic Value Fund by 784.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 641,244 shares of the investment management company’s stock valued at $5,508,000 after buying an additional 568,744 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Cornerstone Strategic Value Fund during the third quarter worth $1,367,000. Thrivent Financial for Lutherans lifted 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 purchasing an additional 137,988 shares in the last quarter. Encompass More Asset Management acquired a new position in shares of Cornerstone Strategic Value Fund during the third quarter worth $555,000. Finally, Aptus Capital Advisors LLC lifted its position in shares of Cornerstone Strategic Value Fund by 44.4% during the third quarter. Aptus Capital Advisors LLC now owns 195,808 shares of the investment management company’s stock worth $1,504,000 after purchasing an additional 60,187 shares in the last quarter.

Cornerstone Strategic Value Fund Price Performance

NYSEAMERICAN CLM opened at $8.92 on Wednesday. Cornerstone Strategic Value Fund, Inc. has a 52 week low of $6.50 and a 52 week high of $9.30.

Cornerstone Strategic Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.1224 per share. The ex-dividend date is Monday, June 16th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 16.47%.

Cornerstone Strategic Value Fund 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.