Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) Share Price Crosses Above Two Hundred Day Moving Average of $0.00

Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $11.30. Cornerstone Strategic Value Fund shares last traded at $11.29, with a volume of 9,355 shares changing hands.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. raised its position in Cornerstone Strategic Value Fund by 13.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 43,573 shares of the investment management company’s stock valued at $507,000 after purchasing an additional 5,297 shares during the last quarter. Morgan Stanley raised its position in Cornerstone Strategic Value Fund by 5.2% during the 2nd quarter. Morgan Stanley now owns 47,476 shares of the investment management company’s stock valued at $552,000 after purchasing an additional 2,332 shares during the last quarter. Centaurus Financial Inc. raised its position in Cornerstone Strategic Value Fund by 10,405.6% during the 2nd quarter. Centaurus Financial Inc. now owns 310,229 shares of the investment management company’s stock valued at $3,611,000 after purchasing an additional 307,276 shares during the last quarter. Kovack Advisors Inc. raised its position in Cornerstone Strategic Value Fund by 7.6% during the 3rd quarter. Kovack Advisors Inc. now owns 27,401 shares of the investment management company’s stock valued at $311,000 after purchasing an additional 1,933 shares during the last quarter. Finally, Advisor Group Inc. raised its position in Cornerstone Strategic Value Fund by 10.5% during the 2nd quarter. Advisor Group Inc. now owns 102,333 shares of the investment management company’s stock valued at $1,191,000 after purchasing an additional 9,718 shares during the last quarter.

About Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM)

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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.

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