Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Sees Large Volume Increase – Here’s What Happened

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) saw an uptick in trading volume on Friday . 1,074,565 shares were traded during mid-day trading, a decline of 28% from the previous session’s volume of 1,489,281 shares.The stock last traded at $8.75 and had previously closed at $8.80.

Cornerstone Strategic Value Fund Stock Down 0.8 %

Cornerstone Strategic Value Fund Announces Dividend

The company also recently announced a — dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.1224 dividend. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 18.1%.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

Hedge funds have recently bought and sold shares of the business. Planning Capital Management Corp increased its position 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 purchasing an additional 3,352 shares during the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Cornerstone Strategic Value Fund by 800.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock worth $39,000 after acquiring an additional 452,790 shares during the last quarter. Larson Financial Group LLC boosted its stake 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 worth $52,000 after purchasing an additional 2,296 shares during the period. Voisard Asset Management Group Inc. purchased a new stake in Cornerstone Strategic Value Fund in the 2nd quarter worth about $72,000. Finally, Townsquare Capital LLC bought a new stake in Cornerstone Strategic Value Fund in the third quarter worth about $83,000.

About Cornerstone Strategic Value Fund

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.