The New Germany Fund, Inc. (NYSE:GF – Get Free Report)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $8.43 and traded as high as $8.69. The New Germany Fund shares last traded at $8.68, with a volume of 51,925 shares trading hands.
The New Germany Fund Price Performance
The stock has a 50-day moving average of $8.44 and a 200-day moving average of $8.32.
Institutional Investors Weigh In On The New Germany Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of The New Germany Fund by 1.5% during the 3rd quarter. Royal Bank of Canada now owns 103,161 shares of the investment management company’s stock worth $718,000 after acquiring an additional 1,499 shares during the period. Gabelli Funds LLC boosted its stake in shares of The New Germany Fund by 0.7% during the 1st quarter. Gabelli Funds LLC now owns 274,000 shares of the investment management company’s stock worth $2,491,000 after acquiring an additional 2,000 shares during the period. UBS Group AG boosted its stake in shares of The New Germany Fund by 117.2% during the 1st quarter. UBS Group AG now owns 3,722 shares of the investment management company’s stock worth $43,000 after acquiring an additional 2,008 shares during the period. LPL Financial LLC boosted its stake in The New Germany Fund by 22.1% in the 2nd quarter. LPL Financial LLC now owns 13,001 shares of the investment management company’s stock valued at $117,000 after purchasing an additional 2,355 shares during the period. Finally, CSS LLC IL boosted its stake in The New Germany Fund by 11.4% in the 2nd quarter. CSS LLC IL now owns 56,014 shares of the investment management company’s stock valued at $503,000 after purchasing an additional 5,744 shares during the period.
The New Germany Fund Company 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.
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