Herzfeld Credit Income Fund, Inc (NASDAQ:HERZ) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Herzfeld Credit Income Fund, Inc (NASDAQ:HERZ) by 11.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,001 shares of the investment management company’s stock after buying an additional 6,635 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.94% of Herzfeld Credit Income Fund worth $179,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bulldog Investors LLP lifted its holdings in Herzfeld Credit Income Fund by 1,199.9% during the 4th quarter. Bulldog Investors LLP now owns 277,149 shares of the investment management company’s stock worth $649,000 after buying an additional 255,829 shares in the last quarter. Arete Wealth Advisors LLC acquired a new stake in Herzfeld Credit Income Fund during the 4th quarter worth approximately $54,000. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Herzfeld Credit Income Fund in the 4th quarter valued at approximately $135,000. 15.74% of the stock is currently owned by institutional investors and hedge funds.

Herzfeld Credit Income Fund Price Performance

Shares of NASDAQ:HERZ opened at $2.43 on Tuesday. Herzfeld Credit Income Fund, Inc has a 52 week low of $2.15 and a 52 week high of $3.10. The company’s 50 day moving average is $2.51 and its two-hundred day moving average is $2.49.

Herzfeld Credit Income Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 23rd were given a $0.2325 dividend. The ex-dividend date was Friday, May 23rd.

About Herzfeld Credit Income Fund

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.