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 Down 3.2 %
Cornerstone Strategic Value Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.1224 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.47 annualized dividend and a yield of 19.06%.
Institutional Trading of Cornerstone Strategic Value Fund
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Planning Capital Management Corp raised its position in shares of Cornerstone Strategic Value Fund by 2,598.4% during the 3rd quarter. Planning Capital Management Corp now owns 3,481 shares of the investment management company's stock worth $27,000 after buying an additional 3,352 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of Cornerstone Strategic Value Fund during the 4th quarter worth about $37,000. Anfield Capital Management LLC bought a new stake in shares of Cornerstone Strategic Value Fund during the 4th quarter worth about $56,000. Larson Financial Group LLC raised its position in shares of Cornerstone Strategic Value Fund by 51.4% during the 3rd quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company's stock worth $52,000 after buying an additional 2,296 shares in the last quarter. Finally, Assetmark Inc. bought a new stake in shares of Cornerstone Strategic Value Fund during the 4th quarter worth about $60,000.
Cornerstone Strategic Value Fund Company Profile
(
Get Free Report)
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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