Fiona Flannery Purchases 872 Shares of The New Germany Fund (NYSE:GF) Stock

by · The Markets Daily

The New Germany Fund, Inc. (NYSE:GF – Get Free Report) Director Fiona Flannery bought 872 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average price of $11.47 per share, for a total transaction of $10,001.84. Following the completion of the purchase, the director owned 872 shares in the company, valued at $10,001.84. The trade was a ∞ 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.

The New Germany Fund Stock Performance

The New Germany Fund stock opened at $11.43 on Thursday. The stock has a 50-day moving average of $11.01 and a two-hundred day moving average of $11.49. The New Germany Fund, Inc. has a one year low of $7.74 and a one year high of $12.82.

The New Germany Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, December 30th will be given a $0.1298 dividend. This represents a dividend yield of 229.0%. The ex-dividend date of this dividend is Tuesday, December 30th.

Institutional Trading of The New Germany Fund

Several large investors have recently bought and sold shares of GF. Royal Bank of Canada raised its holdings in shares of The New Germany Fund by 1.1% in the first quarter. Royal Bank of Canada now owns 93,573 shares of the investment management company’s stock worth $918,000 after buying an additional 1,018 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in shares of The New Germany Fund by 28.5% during the third quarter. Blue Bell Private Wealth Management LLC now owns 83,664 shares of the investment management company’s stock valued at $967,000 after buying an additional 18,557 shares during the last quarter. Shaker Financial Services LLC increased its position in shares of The New Germany Fund by 1,013.0% in the 2nd quarter. Shaker Financial Services LLC now owns 122,622 shares of the investment management company’s stock valued at $1,464,000 after acquiring an additional 111,605 shares during the period. Uncommon Cents Investing LLC raised its stake in The New Germany Fund by 6.3% in the 2nd quarter. Uncommon Cents Investing LLC now owns 363,497 shares of the investment management company’s stock worth $4,340,000 after acquiring an additional 21,663 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in The New Germany Fund by 7.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,134,329 shares of the investment management company’s stock worth $24,673,000 after acquiring an additional 145,229 shares during the period.

The New Germany Fund Company Profile

(Get Free Report)

The New Germany Fund, Inc (NYSE: GF) is a closed-end management investment company that offers U.S. investors targeted exposure to German equities. The fund seeks long-term total return through a combination of capital appreciation and income by investing primarily in a diversified portfolio of securities tied to the German economy.

The fund’s holdings typically include common stocks of German companies alongside American and European depositary receipts for issuers headquartered in or deriving a substantial portion of their revenues from Germany.

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