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

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 Price Performance

The business’s 50 day moving average is $7.42.

Cornerstone Strategic Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.1086 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.30 annualized dividend and a dividend yield of 18.13%.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

Several hedge funds and other institutional investors have recently modified their holdings of CLM. Bank of America Corp DE grew its holdings in Cornerstone Strategic Value Fund by 15.0% during the fourth quarter. Bank of America Corp DE now owns 3,579,399 shares of the investment management company’s stock worth $26,380,000 after buying an additional 468,048 shares in the last quarter. Centaurus Financial Inc. grew its holdings in Cornerstone Strategic Value Fund by 2.4% during the second quarter. Centaurus Financial Inc. now owns 2,611,279 shares of the investment management company’s stock worth $21,883,000 after buying an additional 60,090 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Cornerstone Strategic Value Fund by 34.8% during the second quarter. Osaic Holdings Inc. now owns 1,950,421 shares of the investment management company’s stock worth $16,345,000 after buying an additional 503,043 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Cornerstone Strategic Value Fund during the second quarter worth $6,111,000. Finally, Millennium Management LLC bought a new stake in Cornerstone Strategic Value Fund during the second quarter worth $3,867,000.

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.