Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) shares 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 traded.

Cornerstone Strategic Value Fund Price Performance

Cornerstone Strategic Value Fund Increases Dividend

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

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

Several large investors have recently modified their holdings of the company. Benjamin Edwards Inc. bought a new stake in Cornerstone Strategic Value Fund in the third quarter worth approximately $1,367,000. Cetera Investment Advisers increased its stake in shares of Cornerstone Strategic Value Fund by 64.0% in the 2nd quarter. Cetera Investment Advisers now owns 457,175 shares of the investment management company’s stock valued at $3,520,000 after acquiring an additional 178,437 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of Cornerstone Strategic Value Fund during the 3rd quarter valued at $600,000. Aptus Capital Advisors LLC boosted its stake in Cornerstone Strategic Value Fund by 44.4% during the third quarter. Aptus Capital Advisors LLC now owns 195,808 shares of the investment management company’s stock worth $1,504,000 after acquiring an additional 60,187 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Cornerstone Strategic Value Fund by 716.2% in the third quarter. Thrivent Financial for Lutherans now owns 157,255 shares of the investment management company’s stock worth $1,208,000 after purchasing an additional 137,988 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.