Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,074,565 shares traded hands during mid-day trading, a decline of 28% from the previous session's volume of 1,489,281 shares.The stock last traded at $8.75 and had previously closed at $8.80.
Cornerstone Strategic Value Fund Price Performance
Cornerstone Strategic Value Fund Announces Dividend
The company also recently announced a -- dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.1224 per share. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 18.1%.
Hedge Funds Weigh In On Cornerstone Strategic Value Fund
Hedge funds have recently bought and sold shares of the business. Karpus Management Inc. lifted its position in shares of Cornerstone Strategic Value Fund by 224.1% during the 1st quarter. Karpus Management Inc. now owns 1,944,212 shares of the investment management company's stock valued at $14,620,000 after acquiring an additional 1,344,395 shares during the period. TrueMark Investments LLC bought a new stake in Cornerstone Strategic Value Fund during the second quarter worth about $4,500,000. Sea Otter Advisors LLC acquired a new stake in Cornerstone Strategic Value Fund during the second quarter worth about $3,850,000. Strategic Financial Concepts LLC grew its stake in Cornerstone Strategic Value Fund by 800.0% during the second quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company's stock worth $39,000 after buying an additional 452,790 shares in the last quarter. Finally, Doliver Advisors LP bought a new position in Cornerstone Strategic Value Fund in the 3rd quarter valued at about $2,206,000.
Cornerstone Strategic Value Fund Company Profile
(
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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.
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