Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Shares Gap Down – Time to Sell?

Shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) gapped down before the market opened on Monday . The stock had previously closed at $8.87, but opened at $8.23. Cornerstone Strategic Value Fund shares last traded at $8.26, with a volume of 3,487,966 shares changing hands.

Cornerstone Strategic Value Fund Price Performance

Cornerstone Strategic Value Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.1224 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.47 annualized dividend and a dividend yield of 17.73%.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

Institutional investors have recently made changes to their positions in the company. Alpine Global Management LLC lifted its stake in Cornerstone Strategic Value Fund by 6.7% in the fourth quarter. Alpine Global Management LLC now owns 6,301,760 shares of the investment management company’s stock valued at $54,132,000 after buying an additional 393,853 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Cornerstone Strategic Value Fund by 37.2% during the fourth quarter. LPL Financial LLC now owns 1,306,485 shares of the investment management company’s stock valued at $11,223,000 after buying an additional 354,086 shares during the last quarter. TrueMark Investments LLC grew its holdings in Cornerstone Strategic Value Fund by 6.2% in the 4th quarter. TrueMark Investments LLC now owns 647,416 shares of the investment management company’s stock worth $5,561,000 after buying an additional 37,784 shares in the last quarter. Strategic Financial Concepts LLC increased its position in Cornerstone Strategic Value Fund by 784.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 641,244 shares of the investment management company’s stock valued at $5,508,000 after acquiring an additional 568,744 shares during the period. Finally, Cohen & Steers Inc. boosted its position in Cornerstone Strategic Value Fund by 11.0% during the 4th quarter. Cohen & Steers Inc. now owns 607,198 shares of the investment management company’s stock worth $5,216,000 after acquiring an additional 60,000 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.