1607 Capital Partners LLC Has $15.48 Million Stake in The New Germany Fund, Inc. $GF

1607 Capital Partners LLC decreased its holdings in The New Germany Fund, Inc. (NYSE:GF) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,338,662 shares of the investment management company’s stock after selling 94,249 shares during the quarter. The New Germany Fund makes up about 1.2% of 1607 Capital Partners LLC’s investment portfolio, making the stock its 22nd largest position. 1607 Capital Partners LLC’s holdings in The New Germany Fund were worth $15,475,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of The New Germany Fund by 1.1% in the first quarter. Royal Bank of Canada now owns 93,573 shares of the investment management company’s stock valued at $918,000 after buying an additional 1,018 shares during the last quarter. Shaker Financial Services LLC increased its position in The New Germany Fund by 8.8% in the 3rd quarter. Shaker Financial Services LLC now owns 133,400 shares of the investment management company’s stock valued at $1,542,000 after acquiring an additional 10,778 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its position in The New Germany Fund by 28.5% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 83,664 shares of the investment management company’s stock valued at $967,000 after acquiring an additional 18,557 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of The New Germany Fund by 3.0% in the second 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 last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of The New Germany Fund by 7.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,134,329 shares of the investment management company’s stock worth $24,673,000 after acquiring an additional 145,229 shares during the last quarter.

The New Germany Fund Trading Up 0.8%

Shares of GF stock opened at $10.95 on Friday. The New Germany Fund, Inc. has a 1 year low of $8.80 and a 1 year high of $12.82. The firm’s 50 day moving average is $11.87 and its 200-day moving average is $11.48.

The New Germany Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, December 30th were given a $0.1298 dividend. This represents a yield of 228.0%. The ex-dividend date was Tuesday, December 30th.

About The New Germany Fund

The New Germany Fund, Inc (NYSE: GF) is a closed-end management investment company that offers U.S. investors targeted exposure to German equities. The fund seeks long-term total return through a combination of capital appreciation and income by investing primarily in a diversified portfolio of securities tied to the German economy.

The fund’s holdings typically include common stocks of German companies alongside American and European depositary receipts for issuers headquartered in or deriving a substantial portion of their revenues from Germany.