Landscape Capital Management L.L.C. lessened its holdings in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM – Free Report) by 47.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,808 shares of the investment management company’s stock after selling 21,660 shares during the period. Landscape Capital Management L.L.C.’s holdings in Cornerstone Strategic Value Fund were worth $185,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of CLM. Addison Advisors LLC acquired a new position in Cornerstone Strategic Value Fund in the 1st quarter worth $30,000. GPS Wealth Strategies Group LLC bought a new position in shares of Cornerstone Strategic Value Fund during the first quarter worth about $46,000. Royal Bank of Canada raised its position 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. Wedbush Securities Inc. bought a new stake in Cornerstone Strategic Value Fund in the 1st quarter valued at approximately $84,000. Finally, Vantage Financial Partners LLC acquired a new position in Cornerstone Strategic Value Fund during the 1st quarter worth approximately $87,000.
Insider Buying and Selling at Cornerstone Strategic Value Fund
In other news, Director Matthew Morris sold 40,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $8.72, for a total transaction of $348,800.00. Following the completion of the transaction, the director now directly owns 41,561 shares in the company, valued at approximately $362,411.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 10.73% of the company’s stock.
Cornerstone Strategic Value Fund Price Performance
Cornerstone Strategic Value Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.1228 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 18.26%. The ex-dividend date of this dividend is Thursday, December 14th.
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.
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