The New Germany Fund (NYSE:GF) Stock Passes Above 50-Day Moving Average – Time to Sell?

The New Germany Fund, Inc. (NYSE:GF)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.05 and traded as high as $8.21. The New Germany Fund shares last traded at $8.16, with a volume of 26,156 shares.

The New Germany Fund Stock Up 0.3 %

The firm has a 50 day moving average of $8.05 and a 200 day moving average of $8.33.

The New Germany Fund Increases Dividend

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

Hedge Funds Weigh In On The New Germany Fund

Several large investors have recently modified their holdings of GF. Logan Stone Capital LLC boosted its stake in The New Germany Fund by 14.4% in the 2nd 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 during the period. Matisse Capital increased its position in shares of The New Germany Fund by 7.6% during the fourth quarter. Matisse Capital now owns 91,411 shares of the investment management company’s stock valued at $713,000 after buying an additional 6,490 shares during the period. Tidal Investments LLC purchased a new stake in shares of The New Germany Fund in the third quarter worth about $198,000. Sanctuary Advisors LLC bought a new position in shares of The New Germany Fund in the third quarter valued at approximately $126,000. Finally, Heck Capital Advisors LLC purchased a new position in The New Germany Fund during the fourth quarter valued at approximately $45,000.

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.