The New Germany Fund (NYSE:GF) Stock Passes Below 200 Day Moving Average of $12.75

The New Germany Fund, Inc. (NYSE:GFGet Rating) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.75 and traded as low as $8.74. The New Germany Fund shares last traded at $8.75, with a volume of 23,251 shares changing hands.

The firm’s fifty day moving average price is $10.05 and its 200 day moving average price is $12.75.

The firm also recently disclosed a — dividend, which will be paid on Friday, June 24th. Investors of record on Monday, May 16th will be issued a dividend of $0.7254 per share. This represents a yield of 0.6%. The ex-dividend date of this dividend is Friday, May 13th.

Several large investors have recently made changes to their positions in GF. Royal Bank of Canada grew its position in shares of The New Germany Fund by 2.1% in the 3rd quarter. Royal Bank of Canada now owns 90,285 shares of the investment management company’s stock worth $1,783,000 after buying an additional 1,880 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in The New Germany Fund in the fourth quarter worth $31,334,000. Guggenheim Capital LLC increased its position in shares of The New Germany Fund by 21.7% during the third quarter. Guggenheim Capital LLC now owns 18,103 shares of the investment management company’s stock worth $358,000 after purchasing an additional 3,231 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of The New Germany Fund during the 4th quarter valued at $195,000. Finally, Segantii Capital Management Ltd acquired a new stake in shares of The New Germany Fund in the 4th quarter worth $539,000.

The New Germany Fund Company Profile (NYSE:GF)

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.

Featured Stories

Receive News & Ratings for The New Germany Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The New Germany Fund and related companies with MarketBeat.com's FREE daily email newsletter.