Encompass More Asset Management Buys 3,459 Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Encompass More Asset Management raised its stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,751 shares of the investment management company’s stock after buying an additional 3,459 shares during the quarter. Encompass More Asset Management’s holdings in Cornerstone Strategic Value Fund were worth $651,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Planning Capital Management Corp raised its holdings in Cornerstone Strategic Value Fund by 2,598.4% in the 3rd quarter. Planning Capital Management Corp now owns 3,481 shares of the investment management company’s stock worth $27,000 after acquiring an additional 3,352 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Cornerstone Strategic Value Fund by 51.4% in the third quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock worth $52,000 after purchasing an additional 2,296 shares during the last quarter. Townsquare Capital LLC bought a new position in shares of Cornerstone Strategic Value Fund during the third quarter valued at $83,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Cornerstone Strategic Value Fund during the third quarter valued at $102,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Cornerstone Strategic Value Fund in the 3rd quarter worth about $107,000.

Cornerstone Strategic Value Fund Stock Performance

NYSEAMERICAN CLM opened at $8.80 on Friday. Cornerstone Strategic Value Fund, Inc. has a 1-year low of $6.50 and a 1-year high of $9.30.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be paid a dividend of $0.1224 per share. This represents a yield of 16.92%. The ex-dividend date of this dividend is Wednesday, January 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.