Citigroup Inc. lifted its holdings in shares of Cornerstone Strategic Value Fund Inc. (NYSEMKT:CLM) by 6,462.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,500 shares of the investment management company’s stock after buying an additional 51,700 shares during the period. Citigroup Inc.’s holdings in Cornerstone Strategic Value Fund were worth $834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CLM. IFP Advisors Inc lifted its position in Cornerstone Strategic Value Fund by 12.9% in the second quarter. IFP Advisors Inc now owns 13,398 shares of the investment management company’s stock valued at $213,000 after purchasing an additional 1,533 shares during the period. Private Advisor Group LLC lifted its position in Cornerstone Strategic Value Fund by 29.8% in the second quarter. Private Advisor Group LLC now owns 14,876 shares of the investment management company’s stock valued at $241,000 after purchasing an additional 3,419 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Cornerstone Strategic Value Fund by 6.0% in the second quarter. Ameriprise Financial Inc. now owns 79,431 shares of the investment management company’s stock valued at $1,261,000 after purchasing an additional 4,530 shares during the period.

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Shares of Cornerstone Strategic Value Fund Inc. (NYSEMKT:CLM) opened at 15.08 on Monday. Cornerstone Strategic Value Fund Inc. has a 12 month low of $13.75 and a 12 month high of $17.21. The company has a 50-day moving average of $14.57 and a 200-day moving average of $15.56.

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be given a $0.2326 dividend. This represents a $2.79 annualized dividend and a yield of 18.51%. The ex-dividend date of this dividend is Thursday, October 12th.

About Cornerstone Strategic Value Fund

Cornerstone Strategic Value Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in equity securities of the United States and non-United States companies. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, industrials, consumer staples, energy, consumer discretionary, materials, telecommunication services, exchange-traded funds (ETFs), utilities and real estate.

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