Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Shares Sold by Yakira Capital Management Inc.

Yakira Capital Management Inc. decreased its stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 91.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,173 shares of the investment management company’s stock after selling 373,147 shares during the quarter. Yakira Capital Management Inc.’s holdings in Cornerstone Strategic Value Fund were worth $294,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. IFP Advisors Inc acquired a new position in Cornerstone Strategic Value Fund in the 4th quarter valued at $37,000. Anfield Capital Management LLC acquired a new stake in shares of Cornerstone Strategic Value Fund in the fourth quarter valued at about $56,000. Assetmark Inc. purchased a new position in shares of Cornerstone Strategic Value Fund in the fourth quarter worth about $60,000. Townsquare Capital LLC acquired a new position in Cornerstone Strategic Value Fund during the third quarter worth about $83,000. Finally, Kingsview Wealth Management LLC purchased a new stake in Cornerstone Strategic Value Fund during the 4th quarter valued at about $86,000.

Cornerstone Strategic Value Fund Trading Down 4.5 %

CLM stock opened at $6.85 on Friday. The firm has a 50-day moving average of $8.19 and a two-hundred day moving average of $8.05. 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 Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.1224 dividend. The ex-dividend date is Tuesday, April 15th.

Cornerstone Strategic Value Fund Company 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.