New Germany Fund Inc (GF) Director Wolfgang Helmut Leoni Acquires 703 Shares

New Germany Fund Inc (NYSE:GF) Director Wolfgang Helmut Leoni purchased 703 shares of the stock in a transaction dated Wednesday, May 15th. The shares were bought at an average cost of $14.23 per share, for a total transaction of $10,003.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE:GF traded down $0.12 on Friday, reaching $14.11. 7,010 shares of the company were exchanged, compared to its average volume of 18,725. New Germany Fund Inc has a 1-year low of $11.27 and a 1-year high of $19.44.

The business also recently declared a semiannual dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, May 20th will be paid a dividend of $0.0158 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a dividend yield of 0.22%.

Several large investors have recently bought and sold shares of GF. 1607 Capital Partners LLC lifted its holdings in New Germany Fund by 0.7% in the 1st quarter. 1607 Capital Partners LLC now owns 1,212,395 shares of the investment management company’s stock valued at $16,949,000 after purchasing an additional 8,591 shares in the last quarter. Relative Value Partners Group LLC lifted its holdings in New Germany Fund by 7.3% in the 1st quarter. Relative Value Partners Group LLC now owns 33,896 shares of the investment management company’s stock valued at $474,000 after purchasing an additional 2,298 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its holdings in New Germany Fund by 18.7% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 804,285 shares of the investment management company’s stock valued at $11,220,000 after purchasing an additional 126,775 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in New Germany Fund by 4.2% in the 1st quarter. Wells Fargo & Company MN now owns 2,216,286 shares of the investment management company’s stock valued at $30,983,000 after purchasing an additional 88,646 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in New Germany Fund by 3.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 36,496 shares of the investment management company’s stock valued at $512,000 after purchasing an additional 1,061 shares in the last quarter.

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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.

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