Choreo LLC Makes New $83,000 Investment in The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA)

Choreo LLC bought a new position in shares of The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 35,227 shares of the investment management company’s stock, valued at approximately $83,000. Choreo LLC owned approximately 0.49% of The Herzfeld Caribbean Basin Fund at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cable Car Capital LLC purchased a new stake in shares of The Herzfeld Caribbean Basin Fund during the fourth quarter valued at about $630,000. Matisse Capital lifted its position in shares of The Herzfeld Caribbean Basin Fund by 18.5% during the second quarter. Matisse Capital now owns 986,548 shares of the investment management company’s stock valued at $2,318,000 after buying an additional 153,754 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in shares of The Herzfeld Caribbean Basin Fund by 72.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 239,046 shares of the investment management company’s stock valued at $562,000 after buying an additional 100,581 shares during the last quarter. Twin Focus Capital Partners LLC lifted its position in shares of The Herzfeld Caribbean Basin Fund by 395.6% during the fourth quarter. Twin Focus Capital Partners LLC now owns 65,697 shares of the investment management company’s stock valued at $183,000 after buying an additional 52,442 shares during the last quarter. Finally, Emfo LLC purchased a new stake in shares of The Herzfeld Caribbean Basin Fund during the second quarter valued at about $51,000. 15.74% of the stock is currently owned by institutional investors.

The Herzfeld Caribbean Basin Fund Price Performance

CUBA stock opened at $2.29 on Friday. The firm has a 50-day simple moving average of $2.30 and a two-hundred day simple moving average of $2.42. The Herzfeld Caribbean Basin Fund Inc. has a one year low of $2.15 and a one year high of $3.47.

The Herzfeld Caribbean Basin Fund Company 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.