The New Germany Fund (NYSE:GF) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of The New Germany Fund, Inc. (NYSE:GFGet Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.49 and traded as low as $8.47. The New Germany Fund shares last traded at $8.48, with a volume of 17,563 shares.

The New Germany Fund Stock Up 0.2 %

The firm has a fifty day moving average of $8.61 and a two-hundred day moving average of $8.49.

Institutional Trading of The New Germany Fund

A number of institutional investors have recently modified their holdings of the business. Karpus Management Inc. lifted its holdings in The New Germany Fund by 404.3% during the 1st quarter. Karpus Management Inc. now owns 115,383 shares of the investment management company’s stock worth $1,005,000 after purchasing an additional 92,501 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of The New Germany Fund by 88.9% during 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. Allspring Global Investments Holdings LLC lifted its holdings in shares of The New Germany Fund by 1.0% in the second 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. Matisse Capital boosted its position in shares of 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 valued at $612,000 after acquiring an additional 14,214 shares during the period. Finally, Logan Stone Capital LLC grew its stake in 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 acquiring an additional 12,120 shares in the last quarter.

The New Germany Fund Company Profile

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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.

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