The New Germany Fund (NYSE:GF) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of The New Germany Fund, Inc. (NYSE:GF) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.12 and traded as high as $8.65. The New Germany Fund shares last traded at $8.60, with a volume of 37,930 shares traded.

The New Germany Fund Price Performance

The company’s 50 day simple moving average is $8.12 and its 200 day simple moving average is $8.32.

The New Germany Fund Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GF. Matisse Capital grew 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 valued at $713,000 after acquiring an additional 6,490 shares during the period. Blue Bell Private Wealth Management LLC grew its holdings in The New Germany Fund by 583.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 46,385 shares of the investment management company’s stock valued at $362,000 after purchasing an additional 39,601 shares during the period. Sanctuary Advisors LLC grew its holdings in The New Germany Fund by 68.8% during the fourth quarter. Sanctuary Advisors LLC now owns 23,831 shares of the investment management company’s stock valued at $201,000 after purchasing an additional 9,717 shares during the period. Tidal Investments LLC purchased a new stake in The New Germany Fund in the third quarter worth $198,000. Finally, Verdence Capital Advisors LLC bought a new stake in shares of The New Germany Fund in the fourth quarter valued at $83,000.

About The New Germany Fund

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.