Founders Capital Management LLC Cuts Position in Central Fund of Canada Limited (NYSEAMERICAN:CEF)

Founders Capital Management LLC cut its holdings in Central Fund of Canada Limited (NYSEAMERICAN:CEF) by 26.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,340 shares of the company’s stock after selling 7,850 shares during the quarter. Founders Capital Management LLC’s holdings in Central Fund of Canada were worth $299,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new position in shares of Central Fund of Canada during the 3rd quarter valued at $318,000. Belpointe Asset Management LLC bought a new position in shares of Central Fund of Canada during the 3rd quarter valued at $169,000. Neuberger Berman Group LLC lifted its holdings in shares of Central Fund of Canada by 2.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 880,805 shares of the company’s stock valued at $11,160,000 after buying an additional 17,704 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Central Fund of Canada by 22.5% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 224,901 shares of the company’s stock valued at $2,848,000 after buying an additional 41,317 shares during the period. Finally, Glovista Investments LLC lifted its holdings in shares of Central Fund of Canada by 3.3% during the 3rd quarter. Glovista Investments LLC now owns 152,350 shares of the company’s stock valued at $1,930,000 after buying an additional 4,900 shares during the period.

Shares of Central Fund of Canada Limited (CEF) opened at $13.72 on Wednesday. The company has a market capitalization of $3,430.00, a price-to-earnings ratio of -39.20 and a beta of -0.25. Central Fund of Canada Limited has a 12 month low of $11.72 and a 12 month high of $13.75.

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About Central Fund of Canada

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 (NYSEAMERICAN:CEF)

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