Cowen Inc. lowered its stake in Central Fund of Canada Limited (NYSEMKT:CEF) by 38.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,350 shares of the company’s stock after selling 70,000 shares during the period. Cowen Inc.’s holdings in Central Fund of Canada Limited were worth $1,385,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. increased its position in shares of Central Fund of Canada Limited by 23.8% in the second quarter. Oppenheimer & Co. Inc. now owns 232,347 shares of the company’s stock worth $2,864,000 after purchasing an additional 44,670 shares during the period. Pekin Singer Strauss Asset Management IL increased its position in shares of Central Fund of Canada Limited by 0.7% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 592,809 shares of the company’s stock worth $7,303,000 after purchasing an additional 4,300 shares during the period. National Planning Corp increased its position in shares of Central Fund of Canada Limited by 6.4% in the second quarter. National Planning Corp now owns 74,735 shares of the company’s stock worth $904,000 after purchasing an additional 4,501 shares during the period. First Eagle Investment Management LLC bought a new position in shares of Central Fund of Canada Limited in the second quarter worth $493,000. Finally, Marathon Capital Management increased its position in shares of Central Fund of Canada Limited by 5.2% in the second quarter. Marathon Capital Management now owns 178,300 shares of the company’s stock worth $2,198,000 after purchasing an additional 8,875 shares during the period.

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Central Fund of Canada Limited (NYSEMKT CEF) traded up 0.872% during mid-day trading on Tuesday, reaching $13.305. The company had a trading volume of 92,967 shares. Central Fund of Canada Limited has a 12-month low of $11.22 and a 12-month high of $14.26. The stock has a 50 day moving average price of $12.71 and a 200-day moving average price of $12.58.

The company also recently disclosed an annual dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a dividend yield of 0.08%.

Central Fund of Canada Limited Company Profile

Central Fund of Canada Limited (Central Fund) is an investment holding company. The Company’s investment objective is to provide a secure, convenient, low-cost, exchange tradable investment alternative for investors interested in holding an investment in gold and silver bullion for long-term appreciation.

Institutional Ownership by Quarter for Central Fund of Canada Limited (NYSEMKT:CEF)

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