Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 58.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,187 shares of the investment management company’s stock after selling 15,835 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Cornerstone Strategic Value Fund were worth $96,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Independent Advisor Alliance acquired a new position in shares of Cornerstone Strategic Value Fund during the 4th quarter valued at about $298,000. Cohen & Steers Inc. increased its position in Cornerstone Strategic Value Fund by 11.0% during the 4th quarter. Cohen & Steers Inc. now owns 607,198 shares of the investment management company’s stock worth $5,216,000 after purchasing an additional 60,000 shares in the last quarter. Kane Investment Management Inc. acquired a new stake in Cornerstone Strategic Value Fund during the 4th quarter worth approximately $332,000. Stratos Wealth Partners LTD. acquired a new stake in Cornerstone Strategic Value Fund during the 4th quarter worth approximately $310,000. Finally, HighTower Advisors LLC acquired a new stake in Cornerstone Strategic Value Fund during the 4th quarter worth approximately $1,022,000.

Cornerstone Strategic Value Fund Price Performance

CLM opened at $7.32 on Friday. The firm has a 50 day moving average price of $7.20 and a 200 day moving average price of $7.89. Cornerstone Strategic Value Fund, Inc. has a 1 year low of $6.16 and a 1 year high of $9.30.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.1224 per share. This represents a yield of 20.01%. The ex-dividend date is Thursday, May 15th.

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.