Quarry LP Decreases Stock Holdings in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Quarry LP reduced its stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 96.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,013 shares of the investment management company’s stock after selling 459,945 shares during the quarter. Quarry LP’s holdings in Cornerstone Strategic Value Fund were worth $129,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Townsquare Capital LLC lifted its stake in shares of Cornerstone Strategic Value Fund by 12.2% during the 4th quarter. Townsquare Capital LLC now owns 12,086 shares of the investment management company’s stock worth $104,000 after purchasing an additional 1,317 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in Cornerstone Strategic Value Fund by 1.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 90,367 shares of the investment management company’s stock valued at $776,000 after buying an additional 1,631 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in Cornerstone Strategic Value Fund by 14.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 15,970 shares of the investment management company’s stock valued at $137,000 after buying an additional 2,000 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in Cornerstone Strategic Value Fund by 3.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 74,650 shares of the investment management company’s stock valued at $641,000 after buying an additional 2,150 shares during the last quarter. Finally, Wedbush Securities Inc. raised its stake in Cornerstone Strategic Value Fund by 15.7% in the fourth quarter. Wedbush Securities Inc. now owns 24,350 shares of the investment management company’s stock valued at $209,000 after buying an additional 3,300 shares during the last quarter.

Cornerstone Strategic Value Fund Trading Down 0.9 %

Cornerstone Strategic Value Fund stock opened at $6.94 on Tuesday. The stock has a 50-day moving average of $7.55 and a two-hundred day moving average of $7.95. Cornerstone Strategic Value Fund, Inc. has a one year low of $6.16 and a one year high of $9.30.

Cornerstone Strategic Value Fund Dividend Announcement

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