The New Ireland Fund (NYSE:IRL) Stock Crosses Above 50-Day Moving Average of $10.26

The New Ireland Fund, Inc. (NYSE:IRL – Get Rating)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.26 and traded as high as $10.46. The New Ireland Fund shares last traded at $10.41, with a volume of 24,900 shares trading hands.

The New Ireland Fund Price Performance

The company’s 50-day moving average is $10.26 and its 200 day moving average is $8.85.

The New Ireland Fund Cuts Dividend

The company also recently declared a — dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 23rd were given a $0.2003 dividend. The ex-dividend date was Thursday, December 22nd.

Institutional Investors Weigh In On The New Ireland Fund

Several hedge funds have recently made changes to their positions in IRL. Cetera Investment Advisers lifted its position in shares of The New Ireland Fund by 18.1% in the 1st quarter. Cetera Investment Advisers now owns 13,047 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 2,000 shares in the last quarter. Bank of America Corp DE lifted its position in The New Ireland Fund by 40.2% in the 1st quarter. Bank of America Corp DE now owns 4,861 shares of the financial services provider’s stock worth $45,000 after buying an additional 1,394 shares in the last quarter. Meridian Investment Counsel Inc. lifted its position in The New Ireland Fund by 26.7% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 19,268 shares of the financial services provider’s stock worth $153,000 after buying an additional 4,065 shares in the last quarter. Bulldog Investors LLP lifted its position in The New Ireland Fund by 1.9% in the 2nd quarter. Bulldog Investors LLP now owns 146,241 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 2,665 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in The New Ireland Fund in the 2nd quarter worth approximately $65,000. Hedge funds and other institutional investors own 40.12% of the company’s stock.

The New Ireland Fund Company Profile

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The New Ireland Fund, Inc is a closed-end investment company. The Fund objective is to achieve long-term capital appreciation through investment in equity securities of Irish companies. The company was founded on December 14, 1989 and is headquartered in Boston, MA.