Strategic Financial Concepts LLC Invests $426,000 in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Strategic Financial Concepts LLC acquired a new stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 56,600 shares of the investment management company’s stock, valued at approximately $426,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AE Wealth Management LLC bought a new stake in shares of Cornerstone Strategic Value Fund during the third quarter valued at approximately $89,000. NBC Securities Inc. acquired a new stake in Cornerstone Strategic Value Fund in the 3rd quarter valued at approximately $105,000. StoneX Group Inc. bought a new stake in Cornerstone Strategic Value Fund during the 4th quarter valued at $144,000. Pasadena Private Wealth LLC boosted its position in Cornerstone Strategic Value Fund by 94.4% during the 4th quarter. Pasadena Private Wealth LLC now owns 37,261 shares of the investment management company’s stock worth $268,000 after acquiring an additional 18,091 shares during the period. Finally, Raymond James Trust N.A. grew its stake in shares of Cornerstone Strategic Value Fund by 23.6% in the fourth quarter. Raymond James Trust N.A. now owns 40,229 shares of the investment management company’s stock worth $289,000 after purchasing an additional 7,671 shares in the last quarter.

Cornerstone Strategic Value Fund Stock Performance

Shares of NYSEAMERICAN:CLM remained flat at $7.38 during trading on Tuesday. 1,280,771 shares of the stock were exchanged, compared to its average volume of 1,431,344. The stock’s fifty day moving average is $7.39. Cornerstone Strategic Value Fund, Inc. has a 12 month low of $6.25 and a 12 month high of $8.84.

Cornerstone Strategic Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.1086 per share. This represents a $1.30 dividend on an annualized basis and a yield of 17.67%. The ex-dividend date of this dividend is Tuesday, May 14th.

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.