Key Points
- Director Fiona Flannery purchased 872 shares of The New Germany Fund on December 15 at an average price of $11.47, spending about $10,001.84, according to an SEC filing.
- The fund declared a dividend of $0.1298 per share payable on January 30 to shareholders of record on December 30, with the report stating an unusual yield of 229.0%.
- Institutional activity includes Allspring Global Investments increasing its stake by 7.3% to 2,134,329 shares, valued at about $24,673,000.
The New Germany Fund, Inc. (NYSE:GF - Get Free Report) Director Fiona Flannery acquired 872 shares of the company's stock in a transaction on Monday, December 15th. The shares were purchased at an average cost 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 of the company's stock, valued at $10,001.84. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
The New Germany Fund Price Performance
Shares of GF opened at $11.41 on Wednesday. The company's fifty day simple moving average is $11.01 and its 200-day simple moving average is $11.49. The New Germany Fund, Inc. has a twelve month low of $7.74 and a twelve month high of $12.82.
The New Germany Fund Announces Dividend
The company also recently disclosed a dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, December 30th will be paid a $0.1298 dividend. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a yield of 229.0%.
Institutional Investors Weigh In On The New Germany Fund
Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in The New Germany Fund by 1.1% during the 1st quarter. Royal Bank of Canada now owns 93,573 shares of the investment management company's stock valued at $918,000 after acquiring an additional 1,018 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in The New Germany Fund by 28.5% in the third quarter. Blue Bell Private Wealth Management LLC now owns 83,664 shares of the investment management company's stock worth $967,000 after purchasing an additional 18,557 shares during the period. Shaker Financial Services LLC lifted its position in shares of The New Germany Fund by 1,013.0% during the second quarter. Shaker Financial Services LLC now owns 122,622 shares of the investment management company's stock worth $1,464,000 after purchasing an additional 111,605 shares during the last quarter. Uncommon Cents Investing LLC boosted its stake in shares of The New Germany Fund by 6.3% during the second quarter. Uncommon Cents Investing LLC now owns 363,497 shares of the investment management company's stock valued at $4,340,000 after purchasing an additional 21,663 shares during the period. Finally, 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 worth $24,673,000 after purchasing an additional 145,229 shares during the last quarter.
About The New Germany Fund
(
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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