Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Sees Unusually-High Trading Volume – Still a Buy?

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) shares saw unusually-strong trading volume on Tuesday . Approximately 1,926,969 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 1,520,861 shares.The stock last traded at $8.41 and had previously closed at $8.87.

Cornerstone Strategic Value Fund Stock Performance

Cornerstone Strategic Value Fund Dividend Announcement

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

Institutional Trading of Cornerstone Strategic Value Fund

Large investors have recently made changes to their positions in the company. TrueMark Investments LLC bought a new position in shares of Cornerstone Strategic Value Fund in the second quarter valued at $4,500,000. Strategic Financial Concepts LLC raised its holdings in shares of Cornerstone Strategic Value Fund by 800.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock worth $39,000 after acquiring an additional 452,790 shares during the last quarter. Sea Otter Advisors LLC bought a new position in Cornerstone Strategic Value Fund in the 2nd quarter valued at about $3,850,000. Quarry LP boosted its stake in Cornerstone Strategic Value Fund by 1.0% during the 3rd quarter. Quarry LP now owns 474,958 shares of the investment management company’s stock valued at $3,648,000 after purchasing an additional 4,712 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Cornerstone Strategic Value Fund by 64.0% during 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.

Cornerstone Strategic Value Fund Company Profile

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.