Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) Position Trimmed by Sit Investment Associates Inc.

Sit Investment Associates Inc. trimmed its holdings in shares of Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) by 10.2% in the first quarter, HoldingsChannel.com reports. The firm owned 8,430,544 shares of the investment management company’s stock after selling 954,118 shares during the period. Cornerstone Strategic Value Fund makes up 3.3% of Sit Investment Associates Inc.’s portfolio, making the stock its biggest position. Sit Investment Associates Inc. owned 0.12% of Cornerstone Strategic Value Fund worth $102,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Private Advisor Group LLC boosted its position in Cornerstone Strategic Value Fund by 4.7% during the 4th quarter. Private Advisor Group LLC now owns 21,900 shares of the investment management company’s stock worth $245,000 after purchasing an additional 988 shares during the period. Quad Cities Investment Group LLC boosted its position in Cornerstone Strategic Value Fund by 34.3% in the 4th quarter. Quad Cities Investment Group LLC now owns 4,873 shares of the investment management company’s stock valued at $54,000 after buying an additional 1,244 shares during the last quarter. MML Investors Services LLC boosted its position in Cornerstone Strategic Value Fund by 11.2% in the 4th quarter. MML Investors Services LLC now owns 13,913 shares of the investment management company’s stock valued at $156,000 after buying an additional 1,398 shares during the last quarter. Creative Planning boosted its position in Cornerstone Strategic Value Fund by 2.5% in the 4th quarter. Creative Planning now owns 75,119 shares of the investment management company’s stock valued at $840,000 after buying an additional 1,809 shares during the last quarter. Finally, Harvest Group Wealth Management LLC purchased a new position in Cornerstone Strategic Value Fund in the 1st quarter valued at about $61,000.

NYSEAMERICAN:CLM traded down $0.23 on Thursday, reaching $11.79. The stock had a trading volume of 8,109 shares, compared to its average volume of 424,208. Cornerstone Strategic Value Fund Inc. has a 12-month low of $9.31 and a 12-month high of $45.09.

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a $0.2053 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.46 dividend on an annualized basis and a yield of 20.90%.

COPYRIGHT VIOLATION WARNING: This news story was posted by Riverton Roll and is the sole property of of Riverton Roll. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://rivertonroll.com/news/2019/06/13/cornerstone-strategic-value-fund-inc-nyseamericanclm-position-trimmed-by-sit-investment-associates-inc.html.

Cornerstone Strategic Value Fund Company Profile

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.

Recommended Story: Gross Domestic Product (GDP)

Want to see what other hedge funds are holding CLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM).

Institutional Ownership by Quarter for Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM)

Receive News & Ratings for Cornerstone Strategic Value Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone Strategic Value Fund and related companies with MarketBeat.com's FREE daily email newsletter.