The New Germany Fund (NYSE:GF) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

The New Germany Fund, Inc. (NYSE:GF)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.03 and traded as high as $11.37. The New Germany Fund shares last traded at $11.3250, with a volume of 14,824 shares traded.

The New Germany Fund Trading Up 1.0%

The stock’s 50-day moving average price is $11.03 and its 200 day moving average price is $11.51.

Institutional Trading of The New Germany Fund

Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in The New Germany Fund by 10.9% in the first quarter. PNC Financial Services Group Inc. now owns 15,082 shares of the investment management company’s stock worth $148,000 after purchasing an additional 1,487 shares during the period. Uncommon Cents Investing LLC raised its stake in shares of The New Germany Fund by 6.3% in the 2nd quarter. Uncommon Cents Investing LLC now owns 363,497 shares of the investment management company’s stock valued at $4,340,000 after buying an additional 21,663 shares in the last quarter. Shaker Financial Services LLC raised its stake in shares of The New Germany Fund by 1,013.0% in the 2nd quarter. Shaker Financial Services LLC now owns 122,622 shares of the investment management company’s stock valued at $1,464,000 after buying an additional 111,605 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of The New Germany Fund by 3.0% during the 2nd quarter. Lazard Asset Management LLC now owns 2,367,413 shares of the investment management company’s stock worth $28,266,000 after acquiring an additional 69,916 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of 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 in the last quarter.

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.