Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) Holdings Lowered by Royal Bank of Canada

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Royal Bank of Canada trimmed its stake in shares of Herzfeld Caribbean Basin Fund, Inc. (NASDAQ:CUBA) by 53.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,343 shares of the investment management company’s stock after selling 24,321 shares during the quarter. Royal Bank of Canada owned about 0.35% of Herzfeld Caribbean Basin Fund worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. City of London Investment Management Co. Ltd. raised its position in shares of Herzfeld Caribbean Basin Fund by 3.4% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 480,000 shares of the investment management company’s stock worth $1,658,000 after buying an additional 15,972 shares in the last quarter. RiverNorth Capital Management LLC grew its stake in shares of Herzfeld Caribbean Basin Fund by 46.0% during the 1st quarter. RiverNorth Capital Management LLC now owns 352,854 shares of the investment management company’s stock worth $1,226,000 after acquiring an additional 111,164 shares in the last quarter. Shaker Financial Services LLC grew its stake in shares of Herzfeld Caribbean Basin Fund by 8.1% during the 1st quarter. Shaker Financial Services LLC now owns 151,091 shares of the investment management company’s stock worth $525,000 after acquiring an additional 11,261 shares in the last quarter. Matisse Capital bought a new position in shares of Herzfeld Caribbean Basin Fund in the first quarter valued at $409,000. Finally, Lincoln National Corp grew its stake in shares of Herzfeld Caribbean Basin Fund by 20.2% in the first quarter. Lincoln National Corp now owns 35,930 shares of the investment management company’s stock valued at $125,000 after buying an additional 6,048 shares in the last quarter. Institutional investors own 29.23% of the company’s stock.

Shares of Herzfeld Caribbean Basin Fund stock opened at $3.48 on Friday. The business has a fifty day simple moving average of $3.71 and a two-hundred day simple moving average of $4.44. Herzfeld Caribbean Basin Fund, Inc. has a 1 year low of $2.20 and a 1 year high of $7.15.

Herzfeld Caribbean Basin Fund Profile

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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Institutional Ownership by Quarter for Herzfeld Caribbean Basin Fund (NASDAQ:CUBA)

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