Creative Planning lifted its position in Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) by 29.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 73,310 shares of the investment management company’s stock after purchasing an additional 16,788 shares during the quarter. Creative Planning owned 0.16% of Cornerstone Strategic Value Fund worth $1,026,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC acquired a new position in Cornerstone Strategic Value Fund during the 1st quarter worth about $563,000. Ford Financial Group Inc. lifted its position in Cornerstone Strategic Value Fund by 12.4% during the 2nd quarter. Ford Financial Group Inc. now owns 72,300 shares of the investment management company’s stock worth $1,001,000 after buying an additional 8,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Cornerstone Strategic Value Fund during the 2nd quarter worth about $455,000. NINE MASTS CAPITAL Ltd acquired a new position in Cornerstone Strategic Value Fund during the 2nd quarter worth about $4,979,000. Finally, Centaurus Financial Inc. acquired a new position in Cornerstone Strategic Value Fund during the 2nd quarter worth about $640,000.
Cornerstone Strategic Value Fund stock opened at $12.48 on Friday. Cornerstone Strategic Value Fund Inc. has a 1 year low of $11.27 and a 1 year high of $16.24.
The firm also recently announced a monthly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a dividend of $0.2365 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.84 dividend on an annualized basis and a yield of 22.74%.
Cornerstone Strategic Value Fund Profile
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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