Soltis Investment Advisors LLC Raises Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Soltis Investment Advisors LLC increased its position in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 55.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,730 shares of the investment management company’s stock after purchasing an additional 7,430 shares during the period. Soltis Investment Advisors LLC’s holdings in Cornerstone Strategic Value Fund were worth $178,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC acquired a new position in Cornerstone Strategic Value Fund during the 4th quarter worth approximately $86,000. Strategic Financial Concepts LLC boosted its stake in shares of Cornerstone Strategic Value Fund by 784.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 641,244 shares of the investment management company’s stock valued at $5,508,000 after buying an additional 568,744 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in Cornerstone Strategic Value Fund during the fourth quarter worth $310,000. DAVENPORT & Co LLC acquired a new position in Cornerstone Strategic Value Fund during the fourth quarter worth $110,000. Finally, Sonora Investment Management Group LLC purchased a new position in Cornerstone Strategic Value Fund in the fourth quarter worth $87,000.

Cornerstone Strategic Value Fund Stock Performance

Shares of NYSEAMERICAN CLM opened at $8.98 on Wednesday. Cornerstone Strategic Value Fund, Inc. has a one year low of $6.50 and a one year high of $9.30.

Cornerstone Strategic Value Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.1224 per share. This represents a $1.47 dividend on an annualized basis and a yield of 16.36%. The ex-dividend date of this dividend is Monday, June 16th.

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.