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

Sanctuary Advisors LLC increased its holdings in The New Germany Fund, Inc. (NYSE:GF) by 68.8% in the 4th quarter, HoldingsChannel reports. The fund owned 23,831 shares of the investment management company’s stock after purchasing an additional 9,717 shares during the quarter. Sanctuary Advisors LLC’s holdings in The New Germany Fund were worth $201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in shares of The New Germany Fund in the 4th quarter valued at approximately $45,000. Tidal Investments LLC purchased a new position in shares of The New Germany Fund during the 3rd quarter worth approximately $198,000. Finally, Matisse Capital boosted its position in shares of The New Germany Fund by 7.6% during the 4th quarter. Matisse Capital now owns 91,411 shares of the investment management company’s stock worth $713,000 after purchasing an additional 6,490 shares during the period.

The New Germany Fund Price Performance

Shares of NYSE GF opened at $9.64 on Thursday. The business’s 50 day moving average is $8.37 and its two-hundred day moving average is $8.41. The New Germany Fund, Inc. has a 52-week low of $7.74 and a 52-week high of $9.65.

The New Germany Fund Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, December 30th were paid a $0.0482 dividend. 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. This represents a dividend yield of 1%.

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.