Wolverine Asset Management LLC Cuts Stake in The New Germany Fund, Inc. (NYSE:GF)

Wolverine Asset Management LLC lowered its stake in The New Germany Fund, Inc. (NYSE:GF) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,134 shares of the investment management company’s stock after selling 2,510 shares during the period. Wolverine Asset Management LLC’s holdings in The New Germany Fund were worth $957,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GF. Karpus Management Inc. raised its holdings in The New Germany Fund by 404.3% in the first quarter. Karpus Management Inc. now owns 115,383 shares of the investment management company’s stock worth $1,005,000 after buying an additional 92,501 shares during the last quarter. 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 position in shares of The New Germany Fund by 23.3% during 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 in the last quarter. Finally, Logan Stone Capital LLC raised its holdings 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 acquiring an additional 12,120 shares during the last quarter.

The New Germany Fund Stock Performance

GF stock opened at $8.28 on Wednesday. The New Germany Fund, Inc. has a 1-year low of $7.90 and a 1-year high of $8.99. The business has a fifty day moving average price of $8.59 and a 200-day moving average price of $8.49.

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.