Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)’s share price crossed 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 $8.60. Cornerstone Strategic Value Fund shares last traded at $8.58, with a volume of 642,205 shares changing hands.

Cornerstone Strategic Value Fund Stock Performance

Cornerstone Strategic Value Fund Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.1224 per share. This is a boost from Cornerstone Strategic Value Fund’s previous dividend of $0.11. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

A number of large investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its holdings in Cornerstone Strategic Value Fund by 11.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 14,676 shares of the investment management company’s stock worth $113,000 after purchasing an additional 1,502 shares during the period. Larson Financial Group LLC lifted its position in shares of Cornerstone Strategic Value Fund by 51.4% during the 3rd quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock valued at $52,000 after buying an additional 2,296 shares in the last quarter. Planning Capital Management Corp grew its stake in shares of Cornerstone Strategic Value Fund by 2,598.4% during the 3rd quarter. Planning Capital Management Corp now owns 3,481 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 3,352 shares during the period. Private Advisor Group LLC boosted its position in shares of Cornerstone Strategic Value Fund by 8.4% in the third quarter. Private Advisor Group LLC now owns 56,996 shares of the investment management company’s stock worth $438,000 after purchasing an additional 4,395 shares during the period. Finally, Quarry LP increased its stake in shares of Cornerstone Strategic Value Fund by 1.0% in the third quarter. Quarry LP now owns 474,958 shares of the investment management company’s stock worth $3,648,000 after purchasing an additional 4,712 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.