Tidal Investments LLC Purchases Shares of 22,225 The New Germany Fund, Inc. (NYSE:GF)

Tidal Investments LLC acquired a new position in shares of The New Germany Fund, Inc. (NYSE:GF) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,225 shares of the investment management company’s stock, valued at approximately $198,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in The New Germany Fund during the 3rd quarter worth about $126,000. Matisse Capital increased its holdings in The New Germany Fund by 23.3% in the second quarter. Matisse Capital now owns 75,215 shares of the investment management company’s stock worth $612,000 after purchasing an additional 14,214 shares in the last quarter. Logan Stone Capital LLC increased its holdings in The New Germany Fund by 14.4% in the second quarter. Logan Stone Capital LLC now owns 96,506 shares of the investment management company’s stock worth $785,000 after purchasing an additional 12,120 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in The New Germany Fund by 88.9% in the second quarter. Wolverine Asset Management LLC now owns 109,644 shares of the investment management company’s stock valued at $892,000 after buying an additional 51,606 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of The New Germany Fund by 1.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,361,549 shares of the investment management company’s stock worth $19,211,000 after buying an additional 22,390 shares in the last quarter.

The New Germany Fund Trading Up 0.5 %

NYSE:GF opened at $7.98 on Thursday. The New Germany Fund, Inc. has a twelve month low of $7.85 and a twelve month high of $8.99. The company has a fifty day moving average of $8.32 and a 200-day moving average of $8.39.

The New Germany Fund Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be paid a $0.0482 dividend. This is an increase from The New Germany Fund’s previous semi-annual dividend of $0.02. This represents a yield of 1%. The ex-dividend date of this dividend is Monday, December 30th.

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.