Capital CS Group LLC Has $381,000 Stock Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Capital CS Group LLC cut its holdings in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 50.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,511 shares of the investment management company’s stock after selling 47,223 shares during the period. Capital CS Group LLC’s holdings in Cornerstone Strategic Value Fund were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLM. Boothbay Fund Management LLC grew its position in shares of Cornerstone Strategic Value Fund by 1.8% in the first quarter. Boothbay Fund Management LLC now owns 4,888,796 shares of the investment management company’s stock valued at $38,084,000 after purchasing an additional 88,797 shares during the last quarter. Alpine Global Management LLC increased its holdings in shares of Cornerstone Strategic Value Fund by 31.7% during the fourth quarter. Alpine Global Management LLC now owns 4,812,029 shares of the investment management company’s stock valued at $35,465,000 after acquiring an additional 1,159,633 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Cornerstone Strategic Value Fund by 15.0% during the fourth quarter. Bank of America Corp DE now owns 3,579,399 shares of the investment management company’s stock valued at $26,380,000 after acquiring an additional 468,048 shares in the last quarter. Centaurus Financial Inc. boosted its position in shares of Cornerstone Strategic Value Fund by 6.3% during the first quarter. Centaurus Financial Inc. now owns 2,551,189 shares of the investment management company’s stock valued at $19,874,000 after buying an additional 150,628 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in shares of Cornerstone Strategic Value Fund by 13.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,334,860 shares of the investment management company’s stock valued at $9,839,000 after buying an additional 158,353 shares during the last quarter.

Cornerstone Strategic Value Fund Stock Performance

Shares of NYSEAMERICAN:CLM opened at $8.14 on Friday. Cornerstone Strategic Value Fund, Inc. has a 12-month low of $7.18 and a 12-month high of $9.50. The firm’s 50 day moving average is $8.12.

Cornerstone Strategic Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be paid a $0.1228 dividend. The ex-dividend date is Friday, October 13th. This represents a $1.47 annualized dividend and a dividend yield of 18.10%.

Insider Buying and Selling at Cornerstone Strategic Value Fund

In related news, Director Matthew Morris sold 40,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $8.72, for a total transaction of $348,800.00. Following the sale, the director now directly owns 41,561 shares in the company, valued at approximately $362,411.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.73% of the company’s stock.

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.