Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $8.87, but opened at $8.23. Cornerstone Strategic Value Fund shares last traded at $8.26, with a volume of 3,487,966 shares.
Cornerstone Strategic Value Fund Stock Up 2.5 %
Cornerstone Strategic Value Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.1224 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.47 dividend on an annualized basis and a yield of 18.59%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Benjamin Edwards Inc. bought a new stake in Cornerstone Strategic Value Fund during the third quarter worth $1,367,000. Stratos Wealth Partners LTD. purchased a new position in Cornerstone Strategic Value Fund during the 4th quarter worth $310,000. Jane Street Group LLC boosted its holdings in Cornerstone Strategic Value Fund by 303.7% during the 3rd quarter. Jane Street Group LLC now owns 43,292 shares of the investment management company's stock worth $332,000 after acquiring an additional 32,567 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in Cornerstone Strategic Value Fund by 44.4% during the 3rd quarter. Aptus Capital Advisors LLC now owns 195,808 shares of the investment management company's stock worth $1,504,000 after acquiring an additional 60,187 shares during the last quarter. Finally, Winebrenner Capital Management LLC purchased a new position in Cornerstone Strategic Value Fund during the 4th quarter worth $931,000.
About Cornerstone Strategic Value Fund
(
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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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