Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) Stock Price Crosses Above 50-Day Moving Average of $6.19

Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.19 and traded as high as $6.16. Herzfeld Caribbean Basin Fund shares last traded at $6.16, with a volume of 200 shares changing hands.

The business’s 50 day simple moving average is $6.19.

Large investors have recently made changes to their positions in the business. Matisse Capital purchased a new stake in shares of Herzfeld Caribbean Basin Fund during the second quarter worth approximately $176,000. City of London Investment Management Co. Ltd. increased its position in shares of Herzfeld Caribbean Basin Fund by 4.2% during 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 purchasing an additional 18,805 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Herzfeld Caribbean Basin Fund by 2,338.0% during the second quarter. Wells Fargo & Company MN now owns 24,453 shares of the investment management company’s stock worth $155,000 after purchasing an additional 23,450 shares in the last quarter. Shaker Financial Services LLC increased its position in shares of Herzfeld Caribbean Basin Fund by 24.1% during the first quarter. Shaker Financial Services LLC now owns 150,081 shares of the investment management company’s stock worth $878,000 after purchasing an additional 29,175 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC purchased a new stake in shares of Herzfeld Caribbean Basin Fund during the first quarter worth approximately $500,000. 32.70% of the stock is currently owned by institutional investors.

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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