Raymond James & Associates Cuts Stake in Cornerstone Strategic Value Fund Inc. (CLM)

Raymond James & Associates lessened its holdings in Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) by 21.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,196 shares of the investment management company’s stock after selling 18,006 shares during the period. Raymond James & Associates owned about 0.15% of Cornerstone Strategic Value Fund worth $916,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. NINE MASTS CAPITAL Ltd acquired a new stake in Cornerstone Strategic Value Fund during the 2nd quarter valued at $4,979,000. Millennium Management LLC acquired a new stake in Cornerstone Strategic Value Fund during the 1st quarter valued at $563,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Cornerstone Strategic Value Fund during the 2nd quarter valued at $455,000. Commonwealth Equity Services LLC acquired a new stake in Cornerstone Strategic Value Fund during the 1st quarter valued at $464,000. Finally, Creative Planning grew its holdings in Cornerstone Strategic Value Fund by 53.6% during the 2nd quarter. Creative Planning now owns 56,522 shares of the investment management company’s stock valued at $794,000 after purchasing an additional 19,734 shares in the last quarter.

Shares of CLM stock opened at $12.33 on Friday. Cornerstone Strategic Value Fund Inc. has a 1-year low of $12.28 and a 1-year high of $16.24.

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be issued a dividend of $0.2365 per share. This represents a $2.84 annualized dividend and a yield of 23.02%. The ex-dividend date is Thursday, December 13th.

About Cornerstone Strategic Value Fund

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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.

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Institutional Ownership by Quarter for Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM)

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