Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Sets New 1-Year High – Here’s What Happened

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $9.01 and last traded at $8.98, with a volume of 700723 shares traded. The stock had previously closed at $8.91.

Cornerstone Strategic Value Fund Price Performance

Cornerstone Strategic Value Fund Dividend Announcement

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

Hedge Funds Weigh In On Cornerstone Strategic Value Fund

Large investors have recently bought and sold shares of the stock. Planning Capital Management Corp grew its position in 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 worth $27,000 after purchasing an additional 3,352 shares during the last quarter. Strategic Financial Concepts LLC raised its stake 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. Larson Financial Group LLC boosted its stake in shares of Cornerstone Strategic Value Fund by 51.4% in the third quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock valued at $52,000 after buying an additional 2,296 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new position in Cornerstone Strategic Value Fund in the 2nd quarter valued at about $72,000. Finally, Townsquare Capital LLC acquired a new stake in shares of Cornerstone Strategic Value Fund during the 3rd 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.