Advisor Group Holdings Inc. Buys 158,353 Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Advisor Group Holdings Inc. boosted its stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM – Get Rating) by 13.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,334,860 shares of the investment management company’s stock after acquiring an additional 158,353 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Cornerstone Strategic Value Fund were worth $9,839,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Cornerstone Strategic Value Fund by 20.4% in the 1st quarter. Royal Bank of Canada now owns 5,754 shares of the investment management company’s stock valued at $81,000 after buying an additional 975 shares during the last quarter. Jane Street Group LLC acquired a new stake in Cornerstone Strategic Value Fund in the 3rd quarter valued at $123,000. Bank of America Corp DE increased its stake in Cornerstone Strategic Value Fund by 177.2% in the 1st quarter. Bank of America Corp DE now owns 14,819 shares of the investment management company’s stock valued at $208,000 after buying an additional 9,474 shares during the last quarter. Center For Asset Management LLC increased its stake in Cornerstone Strategic Value Fund by 19.9% in the 4th quarter. Center For Asset Management LLC now owns 15,059 shares of the investment management company’s stock valued at $111,000 after buying an additional 2,500 shares during the last quarter. Finally, HF Advisory Group LLC acquired a new stake in Cornerstone Strategic Value Fund in the 4th quarter valued at $116,000. 52.94% of the stock is owned by institutional investors.

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Cornerstone Strategic Value Fund Trading Up 0.1 %

Shares of CLM stock opened at $7.76 on Monday. Cornerstone Strategic Value Fund, Inc. has a 1 year low of $7.18 and a 1 year high of $11.23. The company has a fifty day simple moving average of $8.23.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.1228 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.47 annualized dividend and a yield of 18.99%.

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.

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