Kane Investment Management Inc. Acquires New Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Kane Investment Management Inc. bought a new position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 38,634 shares of the investment management company’s stock, valued at approximately $332,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc acquired a new position in shares of Cornerstone Strategic Value Fund in the 4th quarter valued at $37,000. Anfield Capital Management LLC acquired a new position in Cornerstone Strategic Value Fund during the fourth quarter worth $56,000. Assetmark Inc. purchased a new position in shares of Cornerstone Strategic Value Fund during the fourth quarter worth $60,000. Kingsview Wealth Management LLC acquired a new stake in shares of Cornerstone Strategic Value Fund in the fourth quarter valued at $86,000. Finally, Sonora Investment Management Group LLC purchased a new stake in shares of Cornerstone Strategic Value Fund in the 4th quarter valued at $87,000.

Cornerstone Strategic Value Fund Price Performance

CLM opened at $7.34 on Tuesday. The stock’s 50-day moving average price is $7.93 and its 200 day moving average price is $8.00. Cornerstone Strategic Value Fund, Inc. has a 12-month low of $6.16 and a 12-month high of $9.30.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.1224 dividend. The ex-dividend date of this dividend is Tuesday, April 15th.

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.