Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Stake Lessened by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC trimmed its stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 14.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,624 shares of the investment management company’s stock after selling 8,717 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in Cornerstone Strategic Value Fund were worth $444,000 at the end of the most recent quarter.

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

Cornerstone Strategic Value Fund Trading Down 2.7 %

Shares of NYSEAMERICAN CLM opened at $7.14 on Wednesday. Cornerstone Strategic Value Fund, Inc. has a 12-month low of $6.16 and a 12-month high of $9.30. The stock has a 50 day simple moving average of $7.90 and a 200-day simple moving average of $8.00.

Cornerstone Strategic Value Fund Announces Dividend

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

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.