Thomas J. Herzfeld Advisors Inc. Cuts Stake in New Germany Fund Inc (NYSE:GF)

Thomas J. Herzfeld Advisors Inc. decreased its holdings in New Germany Fund Inc (NYSE:GF) by 8.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 125,546 shares of the investment management company’s stock after selling 11,997 shares during the period. Thomas J. Herzfeld Advisors Inc.’s holdings in New Germany Fund were worth $1,755,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. City of London Investment Management Co. Ltd. boosted its stake in shares of New Germany Fund by 28.4% in the 4th quarter. City of London Investment Management Co. Ltd. now owns 677,510 shares of the investment management company’s stock valued at $8,005,000 after purchasing an additional 150,002 shares in the last quarter. Relative Value Partners Group LLC raised its holdings in New Germany Fund by 2.8% during the 4th quarter. Relative Value Partners Group LLC now owns 31,598 shares of the investment management company’s stock valued at $463,000 after buying an additional 865 shares during the last quarter. 1607 Capital Partners LLC raised its holdings in New Germany Fund by 9.5% during the 4th quarter. 1607 Capital Partners LLC now owns 1,203,804 shares of the investment management company’s stock valued at $14,085,000 after buying an additional 104,295 shares during the last quarter. Sigma Planning Corp raised its holdings in New Germany Fund by 21.7% during the 1st quarter. Sigma Planning Corp now owns 15,418 shares of the investment management company’s stock valued at $216,000 after buying an additional 2,749 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in New Germany Fund by 3.0% during 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 buying an additional 1,061 shares during the last quarter.

NYSE:GF traded down $0.12 during midday trading on Friday, reaching $13.82. 2,924 shares of the stock traded hands, compared to its average volume of 17,994. New Germany Fund Inc has a 12 month low of $11.27 and a 12 month high of $19.44.

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

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New Germany Fund 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.

See Also: Why do analysts give a neutral rating?

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Institutional Ownership by Quarter for New Germany Fund (NYSE:GF)

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