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

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) saw unusually-strong trading volume on Friday . Approximately 1,074,565 shares changed hands during trading, a decline of 28% from the previous session’s volume of 1,489,281 shares.The stock last traded at $8.75 and had previously closed at $8.80.

Cornerstone Strategic Value Fund Stock Performance

Cornerstone Strategic Value Fund Dividend Announcement

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

Institutional Trading of Cornerstone Strategic Value Fund

Several hedge funds have recently bought and sold shares of CLM. Garden State Investment Advisory Services LLC increased its stake in Cornerstone Strategic Value Fund by 11.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 60,341 shares of the investment management company’s stock worth $464,000 after acquiring an additional 6,053 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Cornerstone Strategic Value Fund in the 3rd quarter worth approximately $1,367,000. Encompass More Asset Management purchased a new position in shares of Cornerstone Strategic Value Fund in the 3rd quarter worth approximately $555,000. Townsquare Capital LLC bought a new position in shares of Cornerstone Strategic Value Fund during the 3rd quarter valued at approximately $83,000. Finally, Larson Financial Group LLC raised its holdings in Cornerstone Strategic Value Fund by 51.4% during the 3rd quarter. Larson Financial Group LLC now owns 6,767 shares of the investment management company’s stock valued at $52,000 after buying an additional 2,296 shares during the period.

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.