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

The New Germany Fund, Inc. (NYSE:GF) Director Fiona Flannery purchased 872 shares of the company’s stock in a transaction on Monday, December 15th. The stock was acquired at an average price of $11.47 per share, with a total value of $10,001.84. Following the completion of the purchase, the director directly owned 872 shares in the company, valued at $10,001.84. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

The New Germany Fund Trading Up 1.1%

The New Germany Fund stock opened at $11.41 on Wednesday. The New Germany Fund, Inc. has a 1 year low of $7.74 and a 1 year high of $12.82. The firm’s 50 day moving average price is $11.01 and its 200-day moving average price is $11.49.

The New Germany Fund Announces Dividend

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

Hedge Funds Weigh In On The New Germany Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Uncommon Cents Investing LLC grew its holdings in The New Germany Fund by 6.3% during the 2nd quarter. Uncommon Cents Investing LLC now owns 363,497 shares of the investment management company’s stock valued at $4,340,000 after buying an additional 21,663 shares in the last quarter. Shaker Financial Services LLC raised its holdings in shares of The New Germany Fund by 1,013.0% during the 2nd quarter. Shaker Financial Services LLC now owns 122,622 shares of the investment management company’s stock worth $1,464,000 after acquiring an additional 111,605 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of The New Germany Fund by 28.5% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 83,664 shares of the investment management company’s stock valued at $967,000 after acquiring an additional 18,557 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of The New Germany Fund by 7.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,134,329 shares of the investment management company’s stock valued at $24,673,000 after purchasing an additional 145,229 shares in the last quarter. Finally, Royal Bank of Canada increased its position in 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 purchasing an additional 1,018 shares during the last quarter.

The New Germany Fund Company Profile

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.