Shares of Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.61 and traded as low as $15.94. Herzfeld Credit Income Fund shares last traded at $15.94, with a volume of 1,968 shares trading hands.
Herzfeld Credit Income Fund Trading Up 1.6%
The company’s 50 day moving average is $16.32 and its 200-day moving average is $16.61.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of HERZ. Corient Private Wealth LLC purchased a new position in Herzfeld Credit Income Fund in the fourth quarter valued at about $61,000. Hunting Hill Global Capital LLC purchased a new stake in Herzfeld Credit Income Fund during the 4th quarter worth approximately $90,000. Cetera Investment Advisers purchased a new stake in Herzfeld Credit Income Fund during the 4th quarter worth approximately $55,000. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Herzfeld Credit Income Fund in the 4th quarter valued at approximately $12,969,000. Finally, Blue Bell Private Wealth Management LLC acquired a new position in shares of Herzfeld Credit Income Fund in the 4th quarter valued at approximately $87,000. Institutional investors and hedge funds own 15.74% of the company’s stock.
Herzfeld Credit Income Fund Company Profile
Herzfeld Credit Income Fund (NASDAQ:HERZ) is a closed-end, non-diversified management investment company that trades on the NASDAQ Capital Market. The fund is externally managed by Herzfeld Advisors, Inc, which is responsible for day-to-day portfolio construction, credit research and risk management under the oversight of an independent board of directors.
The fund’s primary objective is to generate current income with an emphasis on preservation of capital. To pursue this goal, Herzfeld Credit Income Fund invests in a diversified portfolio of corporate debt instruments, including senior secured loans, high-yield bonds, mezzanine loans and other fixed-income securities.
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