The New Ireland Fund (NYSE:IRL) Stock Price Passes Below 50 Day Moving Average of $7.55

The New Ireland Fund, Inc. (NYSE:IRLGet Rating) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.55 and traded as low as $7.30. The New Ireland Fund shares last traded at $7.30, with a volume of 964 shares.

The New Ireland Fund Trading Down 1.0 %

The firm’s 50-day simple moving average is $7.55 and its two-hundred day simple moving average is $8.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IRL. Bank of America Corp DE lifted its holdings in shares of The New Ireland Fund by 40.2% in the first quarter. Bank of America Corp DE now owns 4,861 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 1,394 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of The New Ireland Fund in the second quarter valued at about $65,000. Cetera Investment Advisers lifted its holdings in shares of The New Ireland Fund by 18.1% in the first quarter. Cetera Investment Advisers now owns 13,047 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 2,000 shares in the last quarter. Meridian Investment Counsel Inc. lifted its holdings in shares of The New Ireland Fund by 26.7% in the second quarter. Meridian Investment Counsel Inc. now owns 19,268 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 4,065 shares in the last quarter. Finally, Bulldog Investors LLP lifted its holdings in shares of The New Ireland Fund by 13.2% in the fourth quarter. Bulldog Investors LLP now owns 105,429 shares of the financial services provider’s stock valued at $1,177,000 after purchasing an additional 12,300 shares in the last quarter. 37.11% of the stock is currently owned by institutional investors and hedge funds.

About The New Ireland Fund

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The New Ireland Fund, Inc is a close-ended balanced mutual fund launched by Bank of Ireland Asset Management (U.S.) Limited. It is managed by Kleinwort Benson Investors International Ltd. The fund invests in the public equity and fixed income markets of the Ireland. It seeks to invest in growth stocks of companies operating across diversified sectors.

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