Cetera Investment Advisers Sells 2,497 Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Cetera Investment Advisers decreased its position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 279,306 shares of the investment management company’s stock after selling 2,497 shares during the quarter. Cetera Investment Advisers owned approximately 0.12% of Cornerstone Strategic Value Fund worth $2,399,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Alpine Global Management LLC grew its stake in shares of Cornerstone Strategic Value Fund by 6.7% in the fourth quarter. Alpine Global Management LLC now owns 6,301,760 shares of the investment management company’s stock worth $54,132,000 after acquiring an additional 393,853 shares during the last quarter. LPL Financial LLC grew its stake in shares of Cornerstone Strategic Value Fund by 37.2% in the fourth quarter. LPL Financial LLC now owns 1,306,485 shares of the investment management company’s stock worth $11,223,000 after acquiring an additional 354,086 shares during the last quarter. TrueMark Investments LLC grew its stake in shares of Cornerstone Strategic Value Fund by 6.2% in the fourth quarter. TrueMark Investments LLC now owns 647,416 shares of the investment management company’s stock worth $5,561,000 after acquiring an additional 37,784 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Cornerstone Strategic Value Fund by 784.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 641,244 shares of the investment management company’s stock worth $5,508,000 after acquiring an additional 568,744 shares during the last quarter. Finally, Cohen & Steers Inc. grew its stake in shares of Cornerstone Strategic Value Fund by 11.0% in the fourth quarter. Cohen & Steers Inc. now owns 607,198 shares of the investment management company’s stock worth $5,216,000 after acquiring an additional 60,000 shares during the last quarter.

Cornerstone Strategic Value Fund Price Performance

NYSEAMERICAN CLM opened at $7.32 on Monday. Cornerstone Strategic Value Fund, Inc. has a 12 month low of $6.16 and a 12 month high of $9.30. The stock’s fifty day moving average price is $7.20 and its 200-day moving average price is $7.89.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a dividend yield of 20.01%.

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.