Planning Capital Management Corp Grows Stock Position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Planning Capital Management Corp boosted its stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 2,598.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,481 shares of the investment management company’s stock after acquiring an additional 3,352 shares during the quarter. Planning Capital Management Corp’s holdings in Cornerstone Strategic Value Fund were worth $27,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Strategic Financial Concepts LLC increased its position in shares of Cornerstone Strategic Value Fund by 800.0% in the second quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock valued at $39,000 after buying an additional 452,790 shares in the last quarter. Voisard Asset Management Group Inc. purchased a new position in Cornerstone Strategic Value Fund in the 2nd quarter valued at about $72,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Cornerstone Strategic Value Fund during the 3rd quarter worth approximately $102,000. Oppenheimer & Co. Inc. purchased a new position in shares of Cornerstone Strategic Value Fund in the third quarter valued at approximately $107,000. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of Cornerstone Strategic Value Fund by 11.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 14,676 shares of the investment management company’s stock worth $113,000 after purchasing an additional 1,502 shares in the last quarter.

Cornerstone Strategic Value Fund Price Performance

CLM opened at $8.91 on Friday. Cornerstone Strategic Value Fund, Inc. has a twelve month low of $6.50 and a twelve month high of $9.00.

Cornerstone Strategic Value Fund Announces Dividend

The company also recently announced a — dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.1224 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 18.1%.

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.