Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Shares Cross Above Two Hundred Day Moving Average of $0.00

Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $7.58. Cornerstone Strategic Value Fund shares last traded at $7.56, with a volume of 752,350 shares.

Cornerstone Strategic Value Fund Stock Performance

The business has a 50-day moving average of $7.37.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.1086 dividend. This represents a $1.30 annualized dividend and a yield of 17.25%. The ex-dividend date of this dividend is Monday, September 16th.

Institutional Trading of Cornerstone Strategic Value Fund

Several large investors have recently modified their holdings of the company. Karpus Management Inc. boosted its holdings in Cornerstone Strategic Value Fund by 224.1% in the 1st quarter. Karpus Management Inc. now owns 1,944,212 shares of the investment management company’s stock valued at $14,620,000 after purchasing an additional 1,344,395 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of Cornerstone Strategic Value Fund in the 1st quarter valued at $426,000. PFG Investments LLC acquired a new position in Cornerstone Strategic Value Fund in the first quarter valued at about $410,000. StoneX Group Inc. acquired a new position in Cornerstone Strategic Value Fund in the fourth quarter valued at about $144,000. Finally, Pasadena Private Wealth LLC boosted its position in Cornerstone Strategic Value Fund by 94.4% in the fourth quarter. Pasadena Private Wealth LLC now owns 37,261 shares of the investment management company’s stock valued at $268,000 after buying an additional 18,091 shares in the last quarter.

Cornerstone Strategic Value Fund Company Profile

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.