Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Sets New 52-Week High – Time to Buy?

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

Cornerstone Strategic Value Fund Price Performance

Cornerstone Strategic Value Fund Dividend Announcement

The business also recently declared 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 Trading of Cornerstone Strategic Value Fund

A number of institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers lifted 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 worth $3,520,000 after purchasing an additional 178,437 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of Cornerstone Strategic Value Fund during the 3rd quarter worth $600,000. Aptus Capital Advisors LLC boosted its position in shares of Cornerstone Strategic Value Fund by 44.4% during the 3rd quarter. Aptus Capital Advisors LLC now owns 195,808 shares of the investment management company’s stock valued at $1,504,000 after acquiring an additional 60,187 shares during the last quarter. Doliver Advisors LP purchased a new stake in shares of Cornerstone Strategic Value Fund in the third quarter valued at about $2,206,000. Finally, Strategic Financial Concepts LLC raised its stake 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 worth $39,000 after purchasing an additional 452,790 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.