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

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM – Get Rating)’s share price passed 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 $8.12. Cornerstone Strategic Value Fund shares last traded at $8.04, with a volume of 1,255,083 shares changing hands.

Cornerstone Strategic Value Fund Trading Up 0.1 %

Cornerstone Strategic Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.1228 dividend. This represents a $1.47 annualized dividend and a dividend yield of 18.33%. The ex-dividend date is Wednesday, June 14th.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Cornerstone Strategic Value Fund by 20.4% during the 1st quarter. Royal Bank of Canada now owns 5,754 shares of the investment management company’s stock valued at $81,000 after buying an additional 975 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of Cornerstone Strategic Value Fund in the second quarter valued at about $91,000. Center For Asset Management LLC increased its holdings in shares of Cornerstone Strategic Value Fund by 19.9% in the fourth quarter. Center For Asset Management LLC now owns 15,059 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 2,500 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of Cornerstone Strategic Value Fund in the second quarter valued at about $115,000. Finally, HF Advisory Group LLC acquired a new position in shares of Cornerstone Strategic Value Fund in the fourth quarter valued at about $116,000. 52.94% of the stock is currently owned by hedge funds and other institutional investors.

Cornerstone Strategic Value Fund Company Profile

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Cornerstone Strategic Value Fund, Inc is a closed-end investment company, which enagages in the objective of seeking long-term capital appreciation through investment primarily in equity securities of U.S. and non-U.S. companies. The company was founded in May 1987 and is headquartered in Cincinnati, OH.