Garden State Investment Advisory Services LLC Buys 6,053 Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Garden State Investment Advisory Services LLC raised its stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 11.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 60,341 shares of the investment management company’s stock after buying an additional 6,053 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in Cornerstone Strategic Value Fund were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Planning Capital Management Corp raised its position 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 worth $27,000 after acquiring an additional 3,352 shares during the period. Strategic Financial Concepts LLC increased its stake in shares of Cornerstone Strategic Value Fund by 800.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock worth $39,000 after purchasing an additional 452,790 shares in the last quarter. Larson Financial Group LLC raised its holdings in Cornerstone Strategic Value Fund by 51.4% in the 3rd quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock worth $52,000 after purchasing an additional 2,296 shares during the period. Townsquare Capital LLC purchased a new position in Cornerstone Strategic Value Fund during the third quarter valued at $83,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Cornerstone Strategic Value Fund during the third quarter valued at about $102,000.

Cornerstone Strategic Value Fund Stock Down 0.3 %

Shares of NYSEAMERICAN CLM traded down $0.03 during trading on Friday, hitting $8.66. The company had a trading volume of 481,575 shares, compared to its average volume of 1,577,056. 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 announced a — dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.1224 per share. This represents a yield of 18.1%. The ex-dividend date of this dividend is Friday, March 14th.

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.