13,388 Shares in Cornerstone Strategic Value Fund Inc. (CLM) Acquired by Summit Securities Group LLC

Summit Securities Group LLC purchased a new stake in Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,388 shares of the investment management company’s stock, valued at approximately $150,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mariner Investment Group LLC purchased a new stake in shares of Cornerstone Strategic Value Fund in the third quarter valued at about $1,078,000. Kovack Advisors Inc. purchased a new stake in shares of Cornerstone Strategic Value Fund in the third quarter valued at about $164,000. Rivernorth Capital Management LLC acquired a new position in shares of Cornerstone Strategic Value Fund in the third quarter valued at approximately $21,474,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Cornerstone Strategic Value Fund by 26.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 40,936 shares of the investment management company’s stock valued at $573,000 after buying an additional 8,584 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of Cornerstone Strategic Value Fund in the third quarter valued at approximately $293,000.

In other news, Director Scott B. Rogers acquired 7,500 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was acquired at an average price of $12.43 per share, with a total value of $93,225.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.



Shares of NYSEAMERICAN:CLM traded up $0.09 during trading on Wednesday, reaching $11.71. The stock had a trading volume of 485,400 shares, compared to its average volume of 434,660. Cornerstone Strategic Value Fund Inc. has a fifty-two week low of $9.31 and a fifty-two week high of $16.19.

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a $0.2053 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 21.04%. The ex-dividend date is Thursday, March 14th.

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About Cornerstone Strategic Value Fund

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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.

See Also: Trading Ex-Dividend

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

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