Blue Bell Private Wealth Management LLC Invests $87,000 in Herzfeld Credit Income Fund, Inc. $HERZ

Blue Bell Private Wealth Management LLC acquired a new stake in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) in the 4th quarter, HoldingsChannel reports. The fund acquired 39,132 shares of the investment management company’s stock, valued at approximately $87,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC acquired a new position in Herzfeld Credit Income Fund during the first quarter worth $29,000. Choreo LLC acquired a new stake in Herzfeld Credit Income Fund in the fourth quarter valued at $927,000. Finally, International Assets Investment Management LLC acquired a new stake in Herzfeld Credit Income Fund in the fourth quarter valued at $44,000. 15.74% of the stock is owned by institutional investors.

Herzfeld Credit Income Fund Price Performance

Shares of HERZ opened at $18.75 on Wednesday. The firm has a 50-day moving average of $16.84 and a 200-day moving average of $19.62. Herzfeld Credit Income Fund, Inc. has a one year low of $13.71 and a one year high of $31.00.

Herzfeld Credit Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 17th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, September 17th. This represents a c) dividend on an annualized basis and a yield of 10.9%.

Insider Buying and Selling

In other Herzfeld Credit Income Fund news, Chairman Thomas J. Herzfeld purchased 3,760 shares of the stock in a transaction on Monday, March 2nd. The shares were purchased at an average price of $15.32 per share, with a total value of $57,603.20. Following the completion of the transaction, the chairman directly owned 189,388 shares in the company, valued at $2,901,424.16. This represents a 2.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 9,284 shares of company stock worth $145,653 in the last three months. Company insiders own 42.47% of the company’s stock.

Herzfeld Credit Income Fund 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.