Rivernorth Capital Management LLC Sells 1,407,865 Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Rivernorth Capital Management LLC cut its position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) by 70.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 597,292 shares of the investment management company’s stock after selling 1,407,865 shares during the quarter. Rivernorth Capital Management LLC owned 0.25% of Cornerstone Strategic Value Fund worth $4,587,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. TrueMark Investments LLC acquired a new stake in shares of Cornerstone Strategic Value Fund in the second quarter valued at about $4,500,000. Sea Otter Advisors LLC acquired a new stake in shares of Cornerstone Strategic Value Fund in the second quarter valued at about $3,850,000. Strategic Financial Concepts LLC increased its stake 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 during the period. Doliver Advisors LP acquired a new stake in shares of Cornerstone Strategic Value Fund in the third quarter valued at about $2,206,000. Finally, Cetera Investment Advisers increased its stake in shares of Cornerstone Strategic Value Fund by 1,164.7% in the first quarter. Cetera Investment Advisers now owns 278,738 shares of the investment management company’s stock valued at $2,096,000 after buying an additional 256,698 shares during the period.

Cornerstone Strategic Value Fund Stock Performance

Shares of CLM stock opened at $9.21 on Thursday. 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 Dividend Announcement

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

About Cornerstone Strategic Value Fund

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.