Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Trading Up 5.8% – What’s Next?

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) shares shot up 5.8% on Wednesday . The company traded as high as $8.69 and last traded at $8.69. 1,947,423 shares traded hands during mid-day trading, an increase of 24% from the average session volume of 1,570,414 shares. The stock had previously closed at $8.21.

Cornerstone Strategic Value Fund Stock Performance

Cornerstone Strategic Value Fund Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.1224 dividend. This represents a yield of 18.1%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its position in shares of Cornerstone Strategic Value Fund by 1,164.7% in the first quarter. Cetera Investment Advisers now owns 278,738 shares of the investment management company’s stock valued at $2,096,000 after purchasing an additional 256,698 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in shares of Cornerstone Strategic Value Fund by 25.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 22,200 shares of the investment management company’s stock worth $171,000 after acquiring an additional 4,537 shares during the period. Dakota Wealth Management boosted its position in shares of Cornerstone Strategic Value Fund by 3.1% during the 2nd quarter. Dakota Wealth Management now owns 83,777 shares of the investment management company’s stock valued at $645,000 after acquiring an additional 2,492 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Cornerstone Strategic Value Fund by 1.5% in the second quarter. Atria Wealth Solutions Inc. now owns 229,849 shares of the investment management company’s stock valued at $1,770,000 after purchasing an additional 3,450 shares during the period. Finally, Capital Wealth Alliance LLC grew its holdings in shares of Cornerstone Strategic Value Fund by 12.4% in the second quarter. Capital Wealth Alliance LLC now owns 56,987 shares of the investment management company’s stock valued at $439,000 after purchasing an additional 6,307 shares during the period.

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.