Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $6.92, but opened at $6.70. Cornerstone Strategic Value Fund shares last traded at $6.61, with a volume of 659,377 shares trading hands.
Cornerstone Strategic Value Fund Stock Up 0.3 %
The company has a 50 day moving average of $7.59 and a 200-day moving average of $7.95.
Cornerstone Strategic Value Fund Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.1224 dividend. The ex-dividend date of this dividend is Tuesday, April 15th.
Hedge Funds Weigh In On Cornerstone Strategic Value Fund
Hedge funds and other institutional investors have recently made changes to their positions in the business. Valmark Advisers Inc. purchased a new position in Cornerstone Strategic Value Fund during the 1st quarter valued at $74,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Cornerstone Strategic Value Fund by 28.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 521,955 shares of the investment management company's stock valued at $3,878,000 after purchasing an additional 114,302 shares in the last quarter. Grimes & Company Inc. increased its position in shares of Cornerstone Strategic Value Fund by 4.9% during the first quarter. Grimes & Company Inc. now owns 44,886 shares of the investment management company's stock valued at $334,000 after buying an additional 2,088 shares during the period. Janney Montgomery Scott LLC bought a new position in Cornerstone Strategic Value Fund in the first quarter worth about $201,000. Finally, Buska Wealth Management LLC lifted its holdings in Cornerstone Strategic Value Fund by 46.4% in the first quarter. Buska Wealth Management LLC now owns 16,519 shares of the investment management company's stock worth $123,000 after buying an additional 5,239 shares during the period.
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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