Sanctuary Advisors LLC Purchases Shares of 14,114 The New Germany Fund, Inc. (NYSE:GF)

Sanctuary Advisors LLC acquired a new position in shares of The New Germany Fund, Inc. (NYSE:GF) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,114 shares of the investment management company’s stock, valued at approximately $126,000.

Separately, Logan Stone Capital LLC increased its position in shares of The New Germany Fund by 14.4% in the second quarter. Logan Stone Capital LLC now owns 96,506 shares of the investment management company’s stock worth $785,000 after acquiring an additional 12,120 shares in the last quarter.

The New Germany Fund Stock Performance

NYSE:GF opened at $7.82 on Tuesday. The firm’s fifty day simple moving average is $8.25 and its 200 day simple moving average is $8.37. The New Germany Fund, Inc. has a twelve month low of $7.79 and a twelve month high of $8.99.

The New Germany Fund Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be paid a $0.0482 dividend. The ex-dividend date is Monday, December 30th. This represents a dividend yield of 1%. This is a positive change from The New Germany Fund’s previous semi-annual dividend of $0.02.

About The New Germany Fund

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.