10,769 Shares in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Acquired by Townsquare Capital LLC

Townsquare Capital LLC acquired a new stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 10,769 shares of the investment management company’s stock, valued at approximately $83,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CLM. Planning Capital Management Corp lifted its holdings in Cornerstone Strategic Value Fund by 2,598.4% in the third quarter. Planning Capital Management Corp now owns 3,481 shares of the investment management company’s stock valued at $27,000 after buying an additional 3,352 shares during the period. Larson Financial Group LLC raised its position in shares of Cornerstone Strategic Value Fund by 51.4% during the 3rd quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock valued at $52,000 after acquiring an additional 2,296 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Cornerstone Strategic Value Fund in the 3rd quarter valued at $102,000. Oppenheimer & Co. Inc. bought a new position in shares of Cornerstone Strategic Value Fund in the 3rd quarter worth $107,000. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of Cornerstone Strategic Value Fund by 11.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 14,676 shares of the investment management company’s stock worth $113,000 after purchasing an additional 1,502 shares during the period.

Cornerstone Strategic Value Fund Price Performance

NYSEAMERICAN CLM opened at $9.18 on Monday. Cornerstone Strategic Value Fund, Inc. has a 12 month low of $6.50 and a 12 month high of $9.30.

Cornerstone Strategic Value Fund Dividend Announcement

The company also recently declared a — dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.1224 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 18.1%.

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.