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

Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 Performance

The business’s 50 day simple moving average is $7.39.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.1086 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.30 annualized dividend and a yield of 17.94%.

Hedge Funds Weigh In On Cornerstone Strategic Value Fund

Institutional investors have recently modified their holdings of the company. AE Wealth Management LLC bought a new position in shares of Cornerstone Strategic Value Fund during the third quarter worth about $89,000. NBC Securities Inc. acquired a new stake in shares of Cornerstone Strategic Value Fund during the 3rd quarter valued at $105,000. StoneX Group Inc. acquired a new stake in Cornerstone Strategic Value Fund during the 4th quarter worth about $144,000. Pasadena Private Wealth LLC boosted its stake in 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 purchasing an additional 18,091 shares during the period. Finally, Raymond James Trust N.A. raised its position in Cornerstone Strategic Value Fund by 23.6% during the fourth quarter. Raymond James Trust N.A. now owns 40,229 shares of the investment management company’s stock valued at $289,000 after buying an additional 7,671 shares during the period.

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.