Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report) saw strong trading volume on Monday . 1,235,733 shares traded hands during trading, a decline of 14% from the previous session's volume of 1,434,445 shares.The stock last traded at $8.05 and had previously closed at $8.03.
Cornerstone Strategic Value Fund Price Performance
The company has a fifty day moving average of $7.40.
Cornerstone Strategic Value Fund Announces Dividend
The firm also recently announced a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.1086 per share. The ex-dividend date is Tuesday, October 15th.
Hedge Funds Weigh In On Cornerstone Strategic Value Fund
Several hedge funds and other institutional investors have recently made changes to their positions in CLM. Cetera Investment Advisers increased its stake in Cornerstone Strategic Value Fund by 64.0% in the second quarter. Cetera Investment Advisers now owns 457,175 shares of the investment management company's stock valued at $3,520,000 after purchasing an additional 178,437 shares in the last quarter. Doliver Advisors LP acquired a new position in Cornerstone Strategic Value Fund during the 3rd quarter worth approximately $2,206,000. Commonwealth Equity Services LLC grew its stake in Cornerstone Strategic Value Fund by 2.7% in the first quarter. Commonwealth Equity Services LLC now owns 175,745 shares of the investment management company's stock valued at $1,322,000 after acquiring an additional 4,580 shares during the period. Strategic Financial Concepts LLC increased its holdings 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 valued at $39,000 after acquiring an additional 452,790 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its position in shares of Cornerstone Strategic Value Fund by 25.7% during the second quarter. Redhawk Wealth Advisors Inc. now owns 22,200 shares of the investment management company's stock worth $171,000 after purchasing an additional 4,537 shares during the period.
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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