Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

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

Cornerstone Strategic Value Fund Price Performance

Cornerstone Strategic Value Fund Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Planning Capital Management Corp boosted its position in shares of Cornerstone Strategic Value Fund by 2,598.4% during the third 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 in the last quarter. Strategic Financial Concepts LLC lifted its position in Cornerstone Strategic Value Fund by 800.0% during the second quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock valued at $39,000 after buying an additional 452,790 shares during the period. Larson Financial Group LLC boosted its holdings 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 valued at $52,000 after buying an additional 2,296 shares in the last quarter. Townsquare Capital LLC bought a new position in shares of Cornerstone Strategic Value Fund in the 3rd quarter worth about $83,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Cornerstone Strategic Value Fund during the 3rd quarter valued at about $102,000.

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.