The New Germany Fund, Inc. (NYSE:GF) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its position in The New Germany Fund, Inc. (NYSE:GF) by 68.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,831 shares of the investment management company’s stock after buying an additional 9,717 shares during the period. Sanctuary Advisors LLC’s holdings in The New Germany Fund were worth $201,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in shares of The New Germany Fund during the fourth quarter worth $45,000. Tidal Investments LLC purchased a new position in shares of The New Germany Fund in the third quarter worth about $198,000. Finally, Matisse Capital boosted its position in The New Germany Fund by 7.6% during the fourth quarter. Matisse Capital now owns 91,411 shares of the investment management company’s stock worth $713,000 after acquiring an additional 6,490 shares during the last quarter.

The New Germany Fund Trading Up 3.9 %

GF stock opened at $9.64 on Thursday. The firm has a 50-day moving average of $8.37 and a two-hundred day moving average of $8.41. The New Germany Fund, Inc. has a 12 month low of $7.74 and a 12 month high of $9.65.

The New Germany Fund Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, January 31st. Investors of record on Monday, December 30th were issued a $0.0482 dividend. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Monday, December 30th. This is a boost from The New Germany Fund’s previous semi-annual dividend of $0.02.

The New Germany Fund Profile

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.