The New Germany Fund, Inc. $GF Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of The New Germany Fund, Inc. (NYSE:GF) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,019,613 shares of the investment management company’s stock after selling 122,303 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in The New Germany Fund were worth $20,640,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GF. Altium Capital Management LLC acquired a new stake in The New Germany Fund in the first quarter valued at approximately $255,000. Saba Capital Management L.P. lifted its position in shares of The New Germany Fund by 13.1% during the fourth quarter. Saba Capital Management L.P. now owns 2,210,555 shares of the investment management company’s stock worth $25,245,000 after purchasing an additional 256,443 shares in the last quarter. Evolve Private Wealth LLC acquired a new position in shares of The New Germany Fund during the fourth quarter worth $303,000. Bulldog Investors LLP boosted its stake in shares of The New Germany Fund by 2.0% in the fourth quarter. Bulldog Investors LLP now owns 501,257 shares of the investment management company’s stock valued at $5,724,000 after purchasing an additional 9,778 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its stake in shares of The New Germany Fund by 20.1% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 100,443 shares of the investment management company’s stock valued at $1,147,000 after purchasing an additional 16,779 shares during the period.

The New Germany Fund Stock Up 0.2%

The New Germany Fund stock opened at $11.24 on Tuesday. The New Germany Fund, Inc. has a 12-month low of $9.98 and a 12-month high of $12.82. The firm’s fifty day moving average price is $11.71 and its 200 day moving average price is $11.61.

The New Germany Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, June 29th. Stockholders of record on Tuesday, May 26th were paid a dividend of $0.154 per share. This is a boost from The New Germany Fund’s previous dividend of $0.13. This represents a dividend yield of 261.0%. The ex-dividend date was Tuesday, May 26th.

The New Germany Fund Company Profile

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.