Shaker Financial Services LLC boosted its holdings in The New Germany Fund, Inc. (NYSE:GF – Free Report) by 652.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,017 shares of the investment management company’s stock after purchasing an additional 79,782 shares during the quarter. Shaker Financial Services LLC’s holdings in The New Germany Fund were worth $979,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Saba Capital Management L.P. increased its holdings in The New Germany Fund by 17.4% in the 1st quarter. Saba Capital Management L.P. now owns 2,595,140 shares of the investment management company’s stock valued at $26,522,000 after acquiring an additional 384,585 shares during the last quarter. Bulldog Investors LLP grew its holdings in The New Germany Fund by 6.1% during the 1st quarter. Bulldog Investors LLP now owns 532,074 shares of the investment management company’s stock valued at $5,438,000 after buying an additional 30,817 shares in the last quarter. Finally, Altium Capital Management LLC bought a new position in shares of The New Germany Fund during the 1st quarter valued at approximately $255,000.
The New Germany Fund Trading Down 0.6%
Shares of GF stock traded down $0.07 on Wednesday, reaching $10.20. The company’s stock had a trading volume of 3,535 shares, compared to its average volume of 31,054. The stock’s fifty day simple moving average is $11.15 and its 200-day simple moving average is $11.39. The New Germany Fund, Inc. has a 1 year low of $9.98 and a 1 year high of $12.49.
The New Germany Fund Profile
The New Germany Fund, Inc is a closed-end investment company focused on providing investors with exposure to Germany’s equity markets. Rather than operating a commercial business, the fund invests primarily in publicly traded companies that are based in Germany or have significant business activities there.
The fund’s portfolio has historically included German companies across multiple industries, allowing investors to obtain diversified exposure to the country’s economy through a single investment vehicle.
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