Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Shares Sold by Yakira Capital Management Inc.

Yakira Capital Management Inc. lessened its position in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 91.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,173 shares of the investment management company’s stock after selling 373,147 shares during the quarter. Yakira Capital Management Inc.’s holdings in Cornerstone Strategic Value Fund were worth $294,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new position in Cornerstone Strategic Value Fund in the fourth quarter valued at about $37,000. Anfield Capital Management LLC acquired a new stake in shares of Cornerstone Strategic Value Fund during the fourth quarter valued at about $56,000. Assetmark Inc. purchased a new stake in shares of Cornerstone Strategic Value Fund in the 4th quarter valued at approximately $60,000. Townsquare Capital LLC acquired a new position in shares of Cornerstone Strategic Value Fund in the 3rd quarter worth approximately $83,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Cornerstone Strategic Value Fund during the 4th quarter worth approximately $86,000.

Cornerstone Strategic Value Fund Price Performance

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

Cornerstone Strategic Value Fund Announces Dividend

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