Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $7.92 and last traded at $7.91, with a volume of 1523375 shares changing hands. The stock had previously closed at $7.88.
Cornerstone Strategic Value Fund Price Performance
The stock's fifty day moving average price is $7.40.
Cornerstone Strategic Value Fund Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $0.1086 dividend. The ex-dividend date of this dividend is Tuesday, October 15th.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Strategic Financial Concepts LLC raised 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 valued at $39,000 after buying an additional 452,790 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new position in Cornerstone Strategic Value Fund during the second quarter valued at $72,000. B. Riley Wealth Advisors Inc. raised its stake in Cornerstone Strategic Value Fund by 11.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 14,676 shares of the investment management company's stock valued at $113,000 after buying an additional 1,502 shares during the last quarter. Choreo LLC purchased a new position in Cornerstone Strategic Value Fund during the second quarter valued at $125,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Cornerstone Strategic Value Fund during the second quarter valued at $143,000.
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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