Perennial Investment Advisors LLC Boosts Stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Perennial Investment Advisors LLC lifted its holdings in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 5.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 434,677 shares of the investment management company’s stock after acquiring an additional 24,134 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Cornerstone Strategic Value Fund were worth $3,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. LPL Financial LLC grew its position in Cornerstone Strategic Value Fund by 37.2% in the 4th quarter. LPL Financial LLC now owns 1,306,485 shares of the investment management company’s stock worth $11,223,000 after purchasing an additional 354,086 shares during the period. TrueMark Investments LLC boosted its stake in shares of 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 worth $5,561,000 after buying an additional 37,784 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings 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 worth $5,508,000 after acquiring an additional 568,744 shares during the period. Raymond James Financial Inc. purchased a new stake in Cornerstone Strategic Value Fund during the fourth quarter valued at $2,678,000. Finally, Commonwealth Equity Services LLC lifted its holdings in Cornerstone Strategic Value Fund by 32.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 247,311 shares of the investment management company’s stock valued at $2,124,000 after acquiring an additional 60,888 shares during the period.

Cornerstone Strategic Value Fund Price Performance

Shares of NYSEAMERICAN:CLM opened at $6.85 on Friday. Cornerstone Strategic Value Fund, Inc. has a 52-week low of $6.50 and a 52-week high of $9.30. The stock’s 50-day simple moving average is $8.19 and its two-hundred day simple moving average is $8.05.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.1224 per share. The ex-dividend date is Tuesday, April 15th.

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.