Tidal Investments LLC Acquires Shares of 22,225 The New Germany Fund, Inc. (NYSE:GF)

Tidal Investments LLC bought a new position in shares of The New Germany Fund, Inc. (NYSE:GF) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 22,225 shares of the investment management company’s stock, valued at approximately $198,000.

A number of other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in The New Germany Fund by 1.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,361,549 shares of the investment management company’s stock valued at $19,211,000 after purchasing an additional 22,390 shares in the last quarter. Logan Stone Capital LLC increased its position in shares of The New Germany Fund by 14.4% during the second quarter. Logan Stone Capital LLC now owns 96,506 shares of the investment management company’s stock worth $785,000 after acquiring an additional 12,120 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in shares of The New Germany Fund by 88.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 109,644 shares of the investment management company’s stock worth $892,000 after acquiring an additional 51,606 shares during the last quarter. Matisse Capital lifted its position in The New Germany Fund by 23.3% in the 2nd quarter. Matisse Capital now owns 75,215 shares of the investment management company’s stock valued at $612,000 after acquiring an additional 14,214 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in The New Germany Fund in the 3rd quarter valued at about $126,000.

The New Germany Fund Price Performance

Shares of GF opened at $7.98 on Thursday. The New Germany Fund, Inc. has a 52 week low of $7.85 and a 52 week high of $8.99. The stock has a 50 day moving average price of $8.32 and a two-hundred day moving average price of $8.39.

The New Germany Fund Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be given a $0.0482 dividend. This is a positive change from The New Germany Fund’s previous semi-annual dividend of $0.02. This represents a yield of 1%. The ex-dividend date is Monday, December 30th.

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.