Virtu Financial LLC Reduces Stake in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Virtu Financial LLC cut its stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 43.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,666 shares of the investment management company’s stock after selling 27,036 shares during the period. Virtu Financial LLC’s holdings in Cornerstone Strategic Value Fund were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Benjamin Edwards Inc. purchased a new position in shares of Cornerstone Strategic Value Fund during the 3rd quarter worth about $1,367,000. Cetera Investment Advisers boosted its position in shares of Cornerstone Strategic Value Fund by 64.0% during the second quarter. Cetera Investment Advisers now owns 457,175 shares of the investment management company’s stock valued at $3,520,000 after buying an additional 178,437 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of Cornerstone Strategic Value Fund during the third quarter valued at approximately $600,000. Aptus Capital Advisors LLC raised its holdings in shares of Cornerstone Strategic Value Fund by 44.4% in the third quarter. Aptus Capital Advisors LLC now owns 195,808 shares of the investment management company’s stock worth $1,504,000 after buying an additional 60,187 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Cornerstone Strategic Value Fund by 716.2% in the third quarter. Thrivent Financial for Lutherans now owns 157,255 shares of the investment management company’s stock worth $1,208,000 after buying an additional 137,988 shares during the period.

Cornerstone Strategic Value Fund Stock Down 3.9 %

CLM opened at $8.26 on Wednesday. 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 Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.1224 per share. This is a positive change from Cornerstone Strategic Value Fund’s previous dividend of $0.11. The ex-dividend date is Wednesday, January 15th.

Cornerstone Strategic Value Fund Company 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.