Thomas Herzfeld Acquires 1,276 Shares of Herzfeld Credit Income Fund (NASDAQ:HERZ) Stock

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Chairman Thomas Herzfeld acquired 1,276 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average price of $15.81 per share, for a total transaction of $20,173.56. Following the purchase, the chairman directly owned 190,664 shares of the company’s stock, valued at approximately $3,014,397.84. This trade represents a 0.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Herzfeld Credit Income Fund Stock Performance

NASDAQ HERZ opened at $15.68 on Friday. The company has a fifty day moving average of $129.03 and a 200 day moving average of $205.59. Herzfeld Credit Income Fund, Inc. has a 1 year low of $13.71 and a 1 year high of $31.00.

Institutional Trading of Herzfeld Credit Income Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in Herzfeld Credit Income Fund in the 1st quarter valued at $29,000. International Assets Investment Management LLC purchased a new position in Herzfeld Credit Income Fund during the fourth quarter valued at $44,000. Cetera Investment Advisers acquired a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter valued at about $55,000. Corient Private Wealth LLC purchased a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth about $61,000. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth about $87,000. 15.74% of the stock is owned by hedge funds and other institutional investors.

About Herzfeld Credit Income Fund

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.