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

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)’s share price 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 $8.77. Cornerstone Strategic Value Fund shares last traded at $8.74, with a volume of 1,230,071 shares traded.

Cornerstone Strategic Value Fund Trading Up 0.5 %

Cornerstone Strategic Value Fund Increases Dividend

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

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

Large investors have recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC lifted its position in shares of Cornerstone Strategic Value Fund by 800.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock worth $39,000 after buying an additional 452,790 shares in the last quarter. Sea Otter Advisors LLC bought a new stake in Cornerstone Strategic Value Fund during the second quarter worth $3,850,000. Quarry LP boosted its position in Cornerstone Strategic Value Fund by 1.0% in the third quarter. Quarry LP now owns 474,958 shares of the investment management company’s stock worth $3,648,000 after purchasing an additional 4,712 shares during the last quarter. Cetera Investment Advisers grew its stake in 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 purchasing an additional 178,437 shares during the period. Finally, Perennial Investment Advisors LLC increased its position in shares of Cornerstone Strategic Value Fund by 3.6% during the 2nd quarter. Perennial Investment Advisors LLC now owns 394,021 shares of the investment management company’s stock valued at $3,034,000 after purchasing an additional 13,588 shares during the last quarter.

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.