The New Germany Fund (NYSE:GF) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

The New Germany Fund, Inc. (NYSE:GF) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.48 and traded as low as $8.03. The New Germany Fund shares last traded at $8.04, with a volume of 45,938 shares trading hands.

The New Germany Fund Stock Performance

The stock’s fifty day moving average price is $8.56 and its 200 day moving average price is $8.48.

Hedge Funds Weigh In On The New Germany Fund

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its position in shares of The New Germany Fund by 1.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,361,549 shares of the investment management company’s stock valued at $19,211,000 after acquiring an additional 22,390 shares in the last quarter. Matisse Capital increased its holdings in shares of The New Germany Fund by 23.3% in the 2nd 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. Wolverine Asset Management LLC raised its stake in shares of 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 worth $892,000 after purchasing an additional 51,606 shares during the last quarter. Finally, Logan Stone Capital LLC lifted its holdings in shares of The New Germany Fund by 14.4% during the second quarter. Logan Stone Capital LLC now owns 96,506 shares of the investment management company’s stock valued at $785,000 after purchasing an additional 12,120 shares in the last quarter.

The New Germany Fund Company Profile

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.