Sculptor Capital LP Purchases New Shares in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Sculptor Capital LP acquired a new position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 181,573 shares of the investment management company’s stock, valued at approximately $1,560,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Encompass More Asset Management boosted its holdings in shares of Cornerstone Strategic Value Fund by 4.8% in the 4th quarter. Encompass More Asset Management now owns 75,751 shares of the investment management company’s stock worth $651,000 after purchasing an additional 3,459 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in Cornerstone Strategic Value Fund by 17.1% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 41,749 shares of the investment management company’s stock valued at $359,000 after buying an additional 6,086 shares during the period. Sonora Investment Management Group LLC bought a new stake in Cornerstone Strategic Value Fund in the fourth quarter worth $87,000. DAVENPORT & Co LLC bought a new stake in Cornerstone Strategic Value Fund in the fourth quarter worth $110,000. Finally, Stratos Wealth Partners LTD. purchased a new position in Cornerstone Strategic Value Fund during the fourth quarter worth $310,000.

Cornerstone Strategic Value Fund Trading Up 1.2%

CLM stock opened at $7.32 on Friday. Cornerstone Strategic Value Fund, Inc. has a twelve month low of $6.16 and a twelve month high of $9.30. The firm’s fifty day simple moving average is $7.20 and its two-hundred day simple moving average is $7.89.

Cornerstone Strategic Value Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.1224 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a dividend yield of 20.01%.

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.