Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lessened its holdings in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM – Get Rating) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,074 shares of the investment management company’s stock after selling 7,576 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Cornerstone Strategic Value Fund were worth $539,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CLM. HF Advisory Group LLC acquired a new position in Cornerstone Strategic Value Fund in the fourth quarter valued at approximately $116,000. Boothbay Fund Management LLC acquired a new stake in Cornerstone Strategic Value Fund during the third quarter worth approximately $32,138,000. Center For Asset Management LLC increased its position in Cornerstone Strategic Value Fund by 19.9% during the fourth quarter. Center For Asset Management LLC now owns 15,059 shares of the investment management company’s stock worth $111,000 after purchasing an additional 2,500 shares during the last quarter. Pasadena Private Wealth LLC lifted its position in Cornerstone Strategic Value Fund by 8.5% during the fourth quarter. Pasadena Private Wealth LLC now owns 19,625 shares of the investment management company’s stock valued at $145,000 after buying an additional 1,530 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Cornerstone Strategic Value Fund by 21.6% during the 4th quarter. LPL Financial LLC now owns 461,607 shares of the investment management company’s stock worth $3,402,000 after acquiring an additional 81,925 shares in the last quarter. Hedge funds and other institutional investors own 52.94% of the company’s stock.

Cornerstone Strategic Value Fund Stock Performance

Shares of NYSEAMERICAN CLM opened at $7.75 on Thursday. Cornerstone Strategic Value Fund, Inc. has a 1 year low of $7.18 and a 1 year high of $11.25. The stock’s 50-day simple moving average is $8.27.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.1228 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 19.01%. The ex-dividend date of this dividend is Thursday, September 14th.

Cornerstone Strategic Value Fund Profile

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Cornerstone Strategic Value Fund is a management investment company that is an investment operation. They limit the fund’s investment in securities issued by other investment companies.