The New Germany Fund (NYSE:GF) Share Price Passes Above Fifty Day Moving Average of $8.43

The New Germany Fund, Inc. (NYSE:GF)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.43 and traded as high as $8.69. The New Germany Fund shares last traded at $8.68, with a volume of 51,925 shares.

The New Germany Fund Stock Up 0.8 %

The business’s fifty day moving average price is $8.43 and its two-hundred day moving average price is $8.32.

Institutional Trading of The New Germany Fund

A number of large investors have recently made changes to their positions in GF. City of London Investment Management Co. Ltd. boosted its stake in shares of The New Germany Fund by 20.9% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 1,246,500 shares of the investment management company’s stock worth $14,285,000 after purchasing an additional 215,800 shares during the period. UBS Group AG boosted its stake in shares of The New Germany Fund by 117.2% during the 1st quarter. UBS Group AG now owns 3,722 shares of the investment management company’s stock worth $43,000 after purchasing an additional 2,008 shares during the period. Royal Bank of Canada boosted its stake in shares of The New Germany Fund by 1.8% during the 1st quarter. Royal Bank of Canada now owns 94,052 shares of the investment management company’s stock worth $1,075,000 after purchasing an additional 1,639 shares during the period. Bank of America Corp DE boosted its stake in shares of The New Germany Fund by 36.1% during the 1st quarter. Bank of America Corp DE now owns 56,317 shares of the investment management company’s stock worth $643,000 after purchasing an additional 14,941 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in shares of The New Germany Fund during the 4th quarter worth about $111,000.

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.