Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Stock Crosses Above 200-Day Moving Average of $0.00

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $7.60. Cornerstone Strategic Value Fund shares last traded at $7.19, with a volume of 3,999,491 shares changing hands.

Cornerstone Strategic Value Fund Stock Down 4.6 %

The company’s 50-day moving average price is $7.42.

Cornerstone Strategic Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a $0.1086 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 18.13%.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

A number of hedge funds have recently made changes to their positions in CLM. Royal Bank of Canada increased its stake in Cornerstone Strategic Value Fund by 20.4% during the first quarter. Royal Bank of Canada now owns 5,754 shares of the investment management company’s stock worth $81,000 after acquiring an additional 975 shares during the last quarter. AE Wealth Management LLC bought a new position in shares of Cornerstone Strategic Value Fund during the third quarter valued at approximately $89,000. Stifel Financial Corp bought a new position in shares of Cornerstone Strategic Value Fund during the second quarter valued at approximately $95,000. NBC Securities Inc. bought a new position in shares of Cornerstone Strategic Value Fund during the third quarter valued at approximately $105,000. Finally, Jane Street Group LLC bought a new position in shares of Cornerstone Strategic Value Fund during the third quarter valued at approximately $123,000.

About Cornerstone Strategic Value Fund

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.