Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Reaches New 52-Week High – Should You Buy?

Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) hit a new 52-week high on Tuesday . The stock traded as high as $8.79 and last traded at $8.76, with a volume of 540416 shares trading hands. The stock had previously closed at $8.67.

Cornerstone Strategic Value Fund Stock Up 1.5 %

The stock’s 50 day moving average price is $7.42.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid 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 hedge funds have recently bought and sold shares of CLM. B. Riley Wealth Advisors Inc. raised its stake in shares of Cornerstone Strategic Value Fund by 11.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 14,676 shares of the investment management company’s stock worth $113,000 after purchasing an additional 1,502 shares in the last quarter. Dakota Wealth Management raised its stake 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 worth $645,000 after purchasing an additional 2,492 shares in the last quarter. CWM LLC raised its stake in shares of Cornerstone Strategic Value Fund by 3.6% during the 2nd quarter. CWM LLC now owns 85,559 shares of the investment management company’s stock worth $659,000 after purchasing an additional 2,972 shares in the last quarter. Planning Capital Management Corp increased its holdings in shares of 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 valued at $27,000 after acquiring an additional 3,352 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings in shares of Cornerstone Strategic Value Fund by 1.5% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 229,849 shares of the investment management company’s stock valued at $1,770,000 after acquiring an additional 3,450 shares during 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.