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

Garden State Investment Advisory Services LLC reduced its position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,624 shares of the investment management company’s stock after selling 8,717 shares during the period. Garden State Investment Advisory Services LLC’s holdings in Cornerstone Strategic Value Fund were worth $444,000 as of its most recent SEC filing.

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

Cornerstone Strategic Value Fund Price Performance

Cornerstone Strategic Value Fund stock opened at $7.14 on Wednesday. Cornerstone Strategic Value Fund, Inc. has a fifty-two week low of $6.16 and a fifty-two week high of $9.30. The firm has a fifty day moving average price of $7.90 and a two-hundred day moving average price of $8.00.

Cornerstone Strategic Value Fund Dividend Announcement

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