Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Reaches New 12-Month High Following Dividend Announcement

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)’s share price hit a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $8.24 and last traded at $8.23, with a volume of 162598 shares changing hands. The stock had previously closed at $8.13.

The newly announced dividend which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.1224 per share. The ex-dividend date is Friday, February 14th. This represents a yield of 18.1%.

Cornerstone Strategic Value Fund Price Performance

The stock’s 50-day moving average is $7.41.

Institutional Trading of Cornerstone Strategic Value Fund

Large investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. boosted its position in Cornerstone Strategic Value Fund by 11.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 14,676 shares of the investment management company’s stock valued at $113,000 after acquiring an additional 1,502 shares in the last quarter. Dakota Wealth Management boosted its position in shares of Cornerstone Strategic Value Fund by 3.1% during the second quarter. Dakota Wealth Management now owns 83,777 shares of the investment management company’s stock valued at $645,000 after purchasing an additional 2,492 shares in the last quarter. CWM LLC grew its stake in Cornerstone Strategic Value Fund by 3.6% in the second quarter. CWM LLC now owns 85,559 shares of the investment management company’s stock worth $659,000 after purchasing an additional 2,972 shares during the period. Atria Wealth Solutions Inc. raised its holdings in Cornerstone Strategic Value Fund by 1.5% in the second quarter. Atria Wealth Solutions Inc. now owns 229,849 shares of the investment management company’s stock worth $1,770,000 after purchasing an additional 3,450 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its position in Cornerstone Strategic Value Fund by 9.1% during the second quarter. Raymond James Trust N.A. now owns 43,303 shares of the investment management company’s stock valued at $333,000 after buying an additional 3,602 shares during the period.

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.