New Germany Fund (NYSE:GF) Shares Cross Below 200 Day Moving Average of $0.00

New Germany Fund Inc (NYSE:GF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as low as $13.87. New Germany Fund shares last traded at $14.11, with a volume of 5,543 shares traded.

The firm has a 50-day simple moving average of $13.92.

The business also recently declared a semiannual dividend, which was paid on Friday, June 28th. Investors of record on Monday, May 20th were given a $0.0158 dividend. This represents a dividend yield of 0.22%. The ex-dividend date was Friday, May 17th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. 1607 Capital Partners LLC increased its position in shares of New Germany Fund by 9.5% in the fourth quarter. 1607 Capital Partners LLC now owns 1,203,804 shares of the investment management company’s stock worth $14,085,000 after purchasing an additional 104,295 shares during the period. City of London Investment Management Co. Ltd. boosted its stake in New Germany Fund by 18.7% in the first quarter. City of London Investment Management Co. Ltd. now owns 804,285 shares of the investment management company’s stock valued at $11,220,000 after buying an additional 126,775 shares in the last quarter. Relative Value Partners Group LLC boosted its stake in New Germany Fund by 7.3% in the first quarter. Relative Value Partners Group LLC now owns 33,896 shares of the investment management company’s stock valued at $474,000 after buying an additional 2,298 shares in the last quarter. Wells Fargo & Company MN boosted its stake in New Germany Fund by 4.2% in the first quarter. Wells Fargo & Company MN now owns 2,216,286 shares of the investment management company’s stock valued at $30,983,000 after buying an additional 88,646 shares in the last quarter. Finally, Sigma Planning Corp boosted its stake in New Germany Fund by 21.7% in the first quarter. Sigma Planning Corp now owns 15,418 shares of the investment management company’s stock valued at $216,000 after buying an additional 2,749 shares in the last quarter.

About New Germany Fund (NYSE:GF)

The New Germany Fund Inc is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Germany. The fund seeks to invest in stocks of companies operating across diversified sectors.

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