Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) President Ralph W. Bradshaw bought 1,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were acquired at an average price of $11.83 per share, for a total transaction of $11,830.00.

NYSEAMERICAN CLM opened at $11.60 on Friday. Cornerstone Strategic Value Fund Inc. has a 12-month low of $10.90 and a 12-month high of $12.55.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.1853 per share. This represents a $2.22 annualized dividend and a yield of 19.17%. The ex-dividend date is Friday, June 12th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Savior LLC acquired a new stake in shares of Cornerstone Strategic Value Fund in the 4th quarter worth approximately $78,000. Biltmore Capital Advisors LLC grew its holdings in shares of Cornerstone Strategic Value Fund by 14.3% in the 3rd quarter. Biltmore Capital Advisors LLC now owns 16,000 shares of the investment management company’s stock worth $182,000 after acquiring an additional 2,000 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Cornerstone Strategic Value Fund in the 4th quarter worth approximately $257,000. Kovack Advisors Inc. grew its holdings in shares of Cornerstone Strategic Value Fund by 7.6% in the 3rd quarter. Kovack Advisors Inc. now owns 27,401 shares of the investment management company’s stock worth $311,000 after acquiring an additional 1,933 shares during the period. Finally, Mid Atlantic Financial Management Inc. ADV grew its holdings in shares of Cornerstone Strategic Value Fund by 34.4% in the 4th quarter. Mid Atlantic Financial Management Inc. ADV now owns 39,500 shares of the investment management company’s stock worth $443,000 after acquiring an additional 10,100 shares during the period.

About Cornerstone Strategic Value Fund

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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.

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