Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) Share Price Crosses Above 50-Day Moving Average of $6.28

Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.28 and traded as high as $6.29. Herzfeld Caribbean Basin Fund shares last traded at $6.25, with a volume of 1,351 shares trading hands.

The business has a 50 day moving average of $6.28 and a 200 day moving average of $6.14.

The company also recently announced a — dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be paid a $0.2846 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a dividend yield of 4.3%.



Hedge funds and other institutional investors have recently modified their holdings of the stock. City of London Investment Management Co. Ltd. raised its stake in shares of Herzfeld Caribbean Basin Fund by 4.2% in the second quarter. City of London Investment Management Co. Ltd. now owns 464,028 shares of the investment management company’s stock valued at $2,949,000 after purchasing an additional 18,805 shares in the last quarter. Matisse Capital acquired a new position in shares of Herzfeld Caribbean Basin Fund in the second quarter valued at $176,000. Wells Fargo & Company MN raised its stake in shares of Herzfeld Caribbean Basin Fund by 2,338.0% in the second quarter. Wells Fargo & Company MN now owns 24,453 shares of the investment management company’s stock valued at $155,000 after purchasing an additional 23,450 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of Herzfeld Caribbean Basin Fund by 48.8% in the second quarter. Susquehanna International Group LLP now owns 76,876 shares of the investment management company’s stock valued at $488,000 after purchasing an additional 25,227 shares in the last quarter. Institutional investors and hedge funds own 32.43% of the company’s stock.

Herzfeld Caribbean Basin Fund Company Profile (NASDAQ:CUBA)

The Herzfeld Caribbean Basin Fund Inc is a closed-ended equity mutual fund launched by Thomas J. Herzfeld Advisors, Inc The fund is managed by Herzfeld/Cuba. It invests in the public equity markets of the United States. The fund employing fundamental analysis investing in stocks of companies that are likely to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia and Venezuela.

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