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

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLMGet Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Cornerstone Strategic Value Fund Price Performance

The stock has a 50-day simple moving average of $7.40.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.1086 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.30 dividend on an annualized basis and a yield of 18.15%.

Hedge Funds Weigh In On Cornerstone Strategic Value Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in Cornerstone Strategic Value Fund by 1.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 48,993 shares of the investment management company’s stock valued at $690,000 after acquiring an additional 919 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Cornerstone Strategic Value Fund by 21.4% during the 1st quarter. Private Advisor Group LLC now owns 36,378 shares of the investment management company’s stock worth $513,000 after purchasing an additional 6,401 shares during the period. Raymond James Trust N.A. acquired a new stake in Cornerstone Strategic Value Fund during the 1st quarter worth approximately $229,000. NewEdge Advisors LLC raised its stake in Cornerstone Strategic Value Fund by 6.7% during the 1st quarter. NewEdge Advisors LLC now owns 18,360 shares of the investment management company’s stock worth $259,000 after acquiring an additional 1,160 shares in the last quarter. Finally, Centaurus Financial Inc. grew its position in Cornerstone Strategic Value Fund by 6.3% during the 1st quarter. Centaurus Financial Inc. now owns 1,679,256 shares of the investment management company’s stock worth $23,661,000 after purchasing an additional 99,405 shares during the last quarter.

About Cornerstone Strategic Value Fund

(Get Free Report)

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.

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