Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Shares Gap Down – Here’s What Happened

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) shares gapped down prior to trading on Monday . The stock had previously closed at $6.92, but opened at $6.70. Cornerstone Strategic Value Fund shares last traded at $6.61, with a volume of 659,377 shares trading hands.

Cornerstone Strategic Value Fund Price Performance

The stock’s 50 day moving average is $7.79 and its two-hundred day moving average is $7.99.

Cornerstone Strategic Value Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.1224 per share. The ex-dividend date of this dividend is Tuesday, April 15th.

Hedge Funds Weigh In On Cornerstone Strategic Value Fund

Institutional investors have recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its stake in Cornerstone Strategic Value Fund by 12.2% in the fourth quarter. Townsquare Capital LLC now owns 12,086 shares of the investment management company’s stock valued at $104,000 after acquiring an additional 1,317 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Cornerstone Strategic Value Fund by 1.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 90,367 shares of the investment management company’s stock valued at $776,000 after acquiring an additional 1,631 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in Cornerstone Strategic Value Fund by 14.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 15,970 shares of the investment management company’s stock worth $137,000 after buying an additional 2,000 shares during the last quarter. Grimes & Company Inc. boosted its position in shares of Cornerstone Strategic Value Fund by 4.9% during the first quarter. Grimes & Company Inc. now owns 44,886 shares of the investment management company’s stock valued at $334,000 after buying an additional 2,088 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in Cornerstone Strategic Value Fund by 3.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 74,650 shares of the investment management company’s stock worth $641,000 after acquiring an additional 2,150 shares during the last quarter.

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.