Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 89.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,239 shares of the investment management company’s stock after purchasing an additional 11,942 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Cornerstone Strategic Value Fund were worth $217,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. IFP Advisors Inc bought a new position in Cornerstone Strategic Value Fund in the fourth quarter worth about $37,000. Park Square Financial Group LLC bought a new position in Cornerstone Strategic Value Fund in the fourth quarter worth about $49,000. Anfield Capital Management LLC bought a new position in Cornerstone Strategic Value Fund in the fourth quarter worth about $56,000. Assetmark Inc. bought a new position in Cornerstone Strategic Value Fund in the fourth quarter worth about $60,000. Finally, Mosaic Family Wealth Partners LLC bought a new position in Cornerstone Strategic Value Fund in the fourth quarter worth about $87,000.

Cornerstone Strategic Value Fund Price Performance

Shares of NYSEAMERICAN CLM opened at $7.87 on Tuesday. The firm’s 50-day moving average price is $7.33 and its two-hundred day moving average price is $7.91. Cornerstone Strategic Value Fund, Inc. has a 52-week low of $6.16 and a 52-week high of $9.30.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.1224 per share. The ex-dividend date was Thursday, May 15th. This represents a dividend yield of 20.01%.

About Cornerstone Strategic Value Fund

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.