Raymond James & Associates Boosts Holdings in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Raymond James & Associates lifted its stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLMGet Rating) by 24.2% in the third quarter, Holdings Channel reports. The firm owned 224,486 shares of the investment management company’s stock after buying an additional 43,790 shares during the period. Raymond James & Associates’ holdings in Cornerstone Strategic Value Fund were worth $1,924,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tradition Wealth Management LLC lifted its holdings in Cornerstone Strategic Value Fund by 64.2% in the 2nd quarter. Tradition Wealth Management LLC now owns 8,700 shares of the investment management company’s stock valued at $75,000 after purchasing an additional 3,400 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Cornerstone Strategic Value Fund by 20.4% in the first quarter. Royal Bank of Canada now owns 5,754 shares of the investment management company’s stock worth $81,000 after buying an additional 975 shares in the last quarter. Marshall Financial Group LLC acquired a new position in Cornerstone Strategic Value Fund during the second quarter worth about $86,000. Outlook Wealth Advisors LLC purchased a new stake in Cornerstone Strategic Value Fund during the 2nd quarter valued at about $88,000. Finally, Harbor Investment Advisory LLC raised its holdings in Cornerstone Strategic Value Fund by 40.7% in the 2nd quarter. Harbor Investment Advisory LLC now owns 10,480 shares of the investment management company’s stock valued at $90,000 after acquiring an additional 3,030 shares during the last quarter. 52.94% of the stock is owned by hedge funds and other institutional investors.

Cornerstone Strategic Value Fund Stock Up 1.0 %

CLM opened at $7.76 on Tuesday. Cornerstone Strategic Value Fund, Inc. has a 1-year low of $7.20 and a 1-year high of $14.50.

Cornerstone Strategic Value Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Monday, January 16th will be paid a dividend of $0.1228 per share. This represents a yield of 19.39%. The ex-dividend date of this dividend is Friday, January 13th.

Cornerstone Strategic Value Fund Profile

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Cornerstone Strategic Value Fund, Inc is a closed-end investment company, which enagages in the objective of seeking long-term capital appreciation through investment primarily in equity securities of U.S. and non-U.S. companies. The company was founded in May 1987 and is headquartered in Cincinnati, OH.

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

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