Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.36 and traded as high as $6.39. Herzfeld Caribbean Basin Fund shares last traded at $6.39, with a volume of 100 shares.

The firm’s 50 day moving average price is $6.36 and its 200-day moving average price is $6.21.

The business also recently disclosed a — dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were paid a $0.2846 dividend. The ex-dividend date was Thursday, September 19th. This represents a dividend yield of 4.3%.

Institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew 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 worth $155,000 after acquiring an additional 23,450 shares during the last quarter. Matisse Capital acquired a new stake in shares of Herzfeld Caribbean Basin Fund in the second quarter worth $176,000. Susquehanna International Group LLP grew 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 worth $488,000 after acquiring an additional 25,227 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. grew 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 worth $2,949,000 after acquiring an additional 18,805 shares during the last quarter. Institutional investors and hedge funds own 32.43% of the company’s stock.

About Herzfeld Caribbean Basin Fund (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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