Oppenheimer & Co. Inc. Purchases New Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Oppenheimer & Co. Inc. purchased a new stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) in the third quarter, HoldingsChannel reports. The fund purchased 13,970 shares of the investment management company’s stock, valued at approximately $107,000.

A number of other institutional investors have also recently made changes to their positions in CLM. Voisard Asset Management Group Inc. purchased a new stake in Cornerstone Strategic Value Fund in the 2nd quarter worth about $72,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Cornerstone Strategic Value Fund in the 3rd quarter worth about $102,000. B. Riley Wealth Advisors Inc. raised its position in Cornerstone Strategic Value Fund by 11.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 14,676 shares of the investment management company’s stock worth $113,000 after purchasing an additional 1,502 shares during the period. Prairie Sky Financial Group LLC purchased a new stake in Cornerstone Strategic Value Fund in the 3rd quarter worth about $120,000. Finally, Choreo LLC purchased a new stake in Cornerstone Strategic Value Fund in the 2nd quarter worth about $125,000.

Cornerstone Strategic Value Fund Stock Up 1.0 %

Cornerstone Strategic Value Fund stock opened at $8.79 on Friday. Cornerstone Strategic Value Fund, Inc. has a 1-year low of $6.50 and a 1-year high of $9.00.

Cornerstone Strategic Value Fund Announces Dividend

The business also recently announced a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.1224 per share. This represents a dividend yield of 18.1%. The ex-dividend date of this dividend is Friday, March 14th.

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.