Kane Investment Management Inc. Invests $332,000 in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Kane Investment Management Inc. bought a new stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 38,634 shares of the investment management company’s stock, valued at approximately $332,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in Cornerstone Strategic Value Fund by 37.2% in the fourth quarter. LPL Financial LLC now owns 1,306,485 shares of the investment management company’s stock valued at $11,223,000 after purchasing an additional 354,086 shares during the period. TrueMark Investments LLC grew its stake in Cornerstone Strategic Value Fund by 6.2% in the 4th quarter. TrueMark Investments LLC now owns 647,416 shares of the investment management company’s stock valued at $5,561,000 after acquiring an additional 37,784 shares during the period. Strategic Financial Concepts LLC increased its holdings in Cornerstone Strategic Value Fund by 784.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 641,244 shares of the investment management company’s stock worth $5,508,000 after acquiring an additional 568,744 shares in the last quarter. Cohen & Steers Inc. increased its holdings in Cornerstone Strategic Value Fund by 11.0% in the 4th quarter. Cohen & Steers Inc. now owns 607,198 shares of the investment management company’s stock worth $5,216,000 after acquiring an additional 60,000 shares in the last quarter. Finally, Perennial Investment Advisors LLC lifted its holdings in Cornerstone Strategic Value Fund by 5.9% during the fourth quarter. Perennial Investment Advisors LLC now owns 434,677 shares of the investment management company’s stock valued at $3,734,000 after purchasing an additional 24,134 shares in the last quarter.

Cornerstone Strategic Value Fund Trading Up 2.2 %

Shares of NYSEAMERICAN CLM opened at $7.34 on Tuesday. Cornerstone Strategic Value Fund, Inc. has a 52-week low of $6.16 and a 52-week high of $9.30. The company’s 50-day simple moving average is $7.93 and its 200-day simple moving average is $8.00.

Cornerstone Strategic Value Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid 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.