Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $8.60. Cornerstone Strategic Value Fund shares last traded at $8.58, with a volume of 642,205 shares trading hands.
Cornerstone Strategic Value Fund Stock Performance
Cornerstone Strategic Value Fund Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.1224 per share. The ex-dividend date is Wednesday, January 15th. This is a positive change from Cornerstone Strategic Value Fund's previous dividend of $0.11.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Planning Capital Management Corp lifted its stake in Cornerstone Strategic Value Fund by 2,598.4% in the third 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. Strategic Financial Concepts LLC grew its stake in shares of 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 purchasing an additional 452,790 shares in the last quarter. Larson Financial Group LLC increased its holdings in 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 valued at $52,000 after buying an additional 2,296 shares during the last quarter. Townsquare Capital LLC acquired a new stake in Cornerstone Strategic Value Fund in the third quarter valued at $83,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Cornerstone Strategic Value Fund during the 3rd quarter worth about $102,000.
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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