Insider Buying: The New Germany Fund (NYSE:GF) Director Acquires 872 Shares of Stock

The New Germany Fund, Inc. (NYSE:GF) Director Fiona Flannery purchased 872 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average price of $11.47 per share, with a total value of $10,001.84. Following the purchase, the director owned 872 shares in the company, valued at $10,001.84. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

The New Germany Fund Trading Up 1.4%

NYSE GF traded up $0.16 during trading on Tuesday, reaching $11.45. The company’s stock had a trading volume of 11,197 shares, compared to its average volume of 22,686. The business’s fifty day moving average price is $11.01 and its 200-day moving average price is $11.50. The New Germany Fund, Inc. has a twelve month low of $7.74 and a twelve month high of $12.82.

The New Germany Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, December 30th will be paid a dividend of $0.1298 per share. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a yield of 229.0%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC grew 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 buying an additional 18,557 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of The New Germany Fund by 1.1% in the 1st quarter. Royal Bank of Canada now owns 93,573 shares of the investment management company’s stock worth $918,000 after acquiring an additional 1,018 shares during the period. Shaker Financial Services LLC boosted its holdings in shares of The New Germany Fund by 1,013.0% in the second quarter. Shaker Financial Services LLC now owns 122,622 shares of the investment management company’s stock valued at $1,464,000 after acquiring an additional 111,605 shares in the last quarter. Uncommon Cents Investing LLC increased its stake in shares of The New Germany Fund by 6.3% during the second quarter. Uncommon Cents Investing LLC now owns 363,497 shares of the investment management company’s stock worth $4,340,000 after acquiring an additional 21,663 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of The New Germany Fund by 7.3% during 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 period.

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.