Perennial Investment Advisors LLC Acquires 24,134 Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Perennial Investment Advisors LLC increased its holdings in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 434,677 shares of the investment management company’s stock after acquiring an additional 24,134 shares during the quarter. Perennial Investment Advisors LLC owned about 0.18% of Cornerstone Strategic Value Fund worth $3,734,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. IFP Advisors Inc bought a new stake in Cornerstone Strategic Value Fund during the 4th quarter valued at approximately $37,000. Anfield Capital Management LLC bought a new stake in shares of Cornerstone Strategic Value Fund during the fourth quarter valued at approximately $56,000. Assetmark Inc. purchased a new stake in Cornerstone Strategic Value Fund in the fourth quarter worth $60,000. Kingsview Wealth Management LLC bought a new position in Cornerstone Strategic Value Fund in the fourth quarter worth $86,000. Finally, Sonora Investment Management Group LLC purchased a new position in Cornerstone Strategic Value Fund during the fourth quarter valued at $87,000.

Cornerstone Strategic Value Fund Trading Down 4.5 %

Shares of Cornerstone Strategic Value Fund stock opened at $6.85 on Friday. Cornerstone Strategic Value Fund, Inc. has a 1 year low of $6.50 and a 1 year high of $9.30. The company has a 50-day moving average of $8.19 and a 200 day moving average of $8.05.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.1224 per share. The ex-dividend date of this dividend 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.