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

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)’s stock 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 changing hands.

Cornerstone Strategic Value Fund Stock Up 0.4 %

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

Cornerstone Strategic Value Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. purchased a new stake in Cornerstone Strategic Value Fund during the 2nd quarter worth about $6,111,000. Bank of America Corp DE lifted its holdings in Cornerstone Strategic Value Fund by 15.0% during the 4th 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 during the last quarter. Millennium Management LLC purchased a new stake in Cornerstone Strategic Value Fund during the 2nd quarter worth about $3,867,000. Atria Wealth Solutions Inc. purchased a new stake in Cornerstone Strategic Value Fund during the 1st quarter worth about $2,566,000. Finally, Royal Bank of Canada lifted its holdings in Cornerstone Strategic Value Fund by 482.7% during the 3rd quarter. Royal Bank of Canada now owns 171,869 shares of the investment management company’s stock worth $1,474,000 after buying an additional 142,372 shares during 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.