Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Sets New 1-Year Low at $9.89

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM – Get Rating) shares hit a new 52-week low on Monday . The stock traded as low as $9.89 and last traded at $10.16, with a volume of 118944 shares. The stock had previously closed at $11.30.

The business also recently announced a monthly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a $0.1808 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $2.17 annualized dividend and a yield of 20.96%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Cornerstone Strategic Value Fund during the 1st quarter valued at about $265,000. Royal Bank of Canada boosted its position in shares of Cornerstone Strategic Value Fund by 20.4% during the 1st quarter. Royal Bank of Canada now owns 5,754 shares of the investment management company’s stock valued at $81,000 after acquiring an additional 975 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of Cornerstone Strategic Value Fund during the 1st quarter valued at about $2,566,000. Centaurus Financial Inc. boosted its position in shares of Cornerstone Strategic Value Fund by 6.3% during the 1st quarter. Centaurus Financial Inc. now owns 1,679,256 shares of the investment management company’s stock valued at $23,661,000 after acquiring an additional 99,405 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Cornerstone Strategic Value Fund by 6.7% during the 1st quarter. NewEdge Advisors LLC now owns 18,360 shares of the investment management company’s stock valued at $259,000 after acquiring an additional 1,160 shares during the last quarter. Hedge funds and other institutional investors own 5.72% of the company’s stock.

About Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM)

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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.

Further Reading