Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Shares Bought by Raymond James & Associates

Posted by Defense World Staff on Nov 4th, 2023

Raymond James & Associates raised its stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM – Free Report) by 2.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 128,856 shares of the investment management company’s stock after purchasing an additional 2,819 shares during the period. Raymond James & Associates’ holdings in Cornerstone Strategic Value Fund were worth $1,080,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Boothbay Fund Management LLC boosted its holdings in Cornerstone Strategic Value Fund by 1.8% in the first quarter. Boothbay Fund Management LLC now owns 4,888,796 shares of the investment management company’s stock worth $38,084,000 after purchasing an additional 88,797 shares during the period. Bank of America Corp DE grew its position in shares of Cornerstone Strategic Value Fund by 15.0% during the 4th quarter. Bank of America Corp DE now owns 3,579,399 shares of the investment management company’s stock valued at $26,380,000 after buying an additional 468,048 shares during the last quarter. Centaurus Financial Inc. raised its stake in Cornerstone Strategic Value Fund by 6.3% during the first quarter. Centaurus Financial Inc. now owns 2,551,189 shares of the investment management company’s stock worth $19,874,000 after acquiring an additional 150,628 shares during the period. Goldman Sachs Group Inc. bought a new position in Cornerstone Strategic Value Fund in the second quarter worth about $6,111,000. Finally, LPL Financial LLC boosted its stake in Cornerstone Strategic Value Fund by 6.1% in the first quarter. LPL Financial LLC now owns 489,827 shares of the investment management company’s stock valued at $3,816,000 after acquiring an additional 28,220 shares during the period.

Cornerstone Strategic Value Fund Stock Performance

Shares of Cornerstone Strategic Value Fund stock opened at $7.28 on Friday. Cornerstone Strategic Value Fund, Inc. has a twelve month low of $6.25 and a twelve month high of $8.86. The business’s 50 day moving average is $8.05.

Cornerstone Strategic Value Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.1228 dividend. This represents a $1.47 annualized dividend and a yield of 20.24%. The ex-dividend date is Thursday, December 14th.

Insider Buying and Selling at Cornerstone Strategic Value Fund

In other Cornerstone Strategic Value Fund news, Director Matthew Morris sold 40,000 shares of the business’s 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 of the company’s stock, valued at approximately $362,411.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.73% of the stock is currently owned by company insiders.

Cornerstone Strategic Value Fund Profile

(Free Report)

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.