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

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $7.28. Cornerstone Strategic Value Fund shares last traded at $7.27, with a volume of 750,878 shares trading hands.

Cornerstone Strategic Value Fund Stock Up 0.9 %

The firm has a fifty day moving average of $7.39.

Cornerstone Strategic Value Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.1086 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 17.94%. The ex-dividend date of this dividend is Tuesday, May 14th.

Hedge Funds Weigh In On Cornerstone Strategic Value Fund

A number of institutional investors and hedge funds have recently modified their holdings of CLM. AE Wealth Management LLC purchased a new position in Cornerstone Strategic Value Fund during the 3rd quarter valued at $89,000. Private Advisor Group LLC raised its position in Cornerstone Strategic Value Fund by 11.9% during the 3rd quarter. Private Advisor Group LLC now owns 46,940 shares of the investment management company’s stock valued at $378,000 after purchasing an additional 5,002 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Cornerstone Strategic Value Fund in the 3rd quarter worth $105,000. Creative Financial Designs Inc. ADV raised its position in shares of Cornerstone Strategic Value Fund by 15.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 85,868 shares of the investment management company’s stock worth $617,000 after acquiring an additional 11,202 shares in the last quarter. Finally, Pasadena Private Wealth LLC raised its position in shares of Cornerstone Strategic Value Fund by 94.4% in the 4th quarter. Pasadena Private Wealth LLC now owns 37,261 shares of the investment management company’s stock worth $268,000 after acquiring an additional 18,091 shares in the last quarter.

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.