International Assets Investment Management LLC Has $33,000 Holdings in The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA)

International Assets Investment Management LLC trimmed its holdings in The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) by 56.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,996 shares of the investment management company’s stock after selling 18,478 shares during the period. International Assets Investment Management LLC owned 0.20% of The Herzfeld Caribbean Basin Fund worth $33,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in CUBA. Choreo LLC acquired a new position in The Herzfeld Caribbean Basin Fund in the 2nd quarter valued at $83,000. Quarry LP increased its position in shares of The Herzfeld Caribbean Basin Fund by 21.0% in the third quarter. Quarry LP now owns 126,287 shares of the investment management company’s stock worth $285,000 after purchasing an additional 21,943 shares during the period. Finally, Logan Stone Capital LLC increased its position in shares of The Herzfeld Caribbean Basin Fund by 5.6% in the second quarter. Logan Stone Capital LLC now owns 161,429 shares of the investment management company’s stock worth $379,000 after purchasing an additional 8,595 shares during the period. 15.74% of the stock is currently owned by institutional investors.

The Herzfeld Caribbean Basin Fund Stock Up 1.3 %

CUBA opened at $2.39 on Wednesday. The Herzfeld Caribbean Basin Fund Inc. has a twelve month low of $2.15 and a twelve month high of $2.95. The company has a 50-day simple moving average of $2.44 and a 200 day simple moving average of $2.36.

The Herzfeld Caribbean Basin Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.2325 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 38.91%. The ex-dividend date was Tuesday, December 31st. This is an increase from The Herzfeld Caribbean Basin Fund’s previous quarterly dividend of $0.14.

About The Herzfeld Caribbean Basin 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.