1607 Capital Partners LLC Reduces Position in The New Germany Fund, Inc. $GF

1607 Capital Partners LLC lessened its holdings in shares of The New Germany Fund, Inc. (NYSE:GF) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,253,570 shares of the investment management company’s stock after selling 85,092 shares during the period. The New Germany Fund accounts for approximately 1.0% of 1607 Capital Partners LLC’s investment portfolio, making the stock its 25th biggest position. 1607 Capital Partners LLC’s holdings in The New Germany Fund were worth $14,316,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GF. Quantify Chaos Advisors LLC purchased a new stake in The New Germany Fund during the 4th quarter valued at about $259,000. Royal Bank of Canada boosted its holdings in The New Germany Fund by 1.1% in the 1st quarter. Royal Bank of Canada now owns 93,573 shares of the investment management company’s stock valued at $918,000 after purchasing an additional 1,018 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in The New Germany Fund by 20.1% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 100,443 shares of the investment management company’s stock valued at $1,147,000 after purchasing an additional 16,779 shares during the last quarter. Uncommon Cents Investing LLC boosted its holdings in The New Germany Fund by 0.6% in the 4th quarter. Uncommon Cents Investing LLC now owns 365,906 shares of the investment management company’s stock valued at $4,179,000 after purchasing an additional 2,309 shares during the last quarter. Finally, Bulldog Investors LLP boosted its holdings in The New Germany Fund by 2.0% in the 4th quarter. Bulldog Investors LLP now owns 501,257 shares of the investment management company’s stock valued at $5,724,000 after purchasing an additional 9,778 shares during the last quarter.

The New Germany Fund Trading Down 0.2%

NYSE:GF opened at $11.80 on Thursday. The company’s 50-day moving average is $11.73 and its two-hundred day moving average is $11.55. The New Germany Fund, Inc. has a 1-year low of $9.98 and a 1-year high of $12.82.

The New Germany Fund Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 29th. Shareholders of record on Tuesday, May 26th will be issued a $0.154 dividend. This represents a yield of 261.0%. The ex-dividend date is Tuesday, May 26th. This is a positive change from The New Germany Fund’s previous dividend of $0.13.

The New Germany Fund Company Profile

The New Germany Fund, Inc (NYSE: GF) is a closed-end management investment company that offers U.S. investors targeted exposure to German equities. The fund seeks long-term total return through a combination of capital appreciation and income by investing primarily in a diversified portfolio of securities tied to the German economy.

The fund’s holdings typically include common stocks of German companies alongside American and European depositary receipts for issuers headquartered in or deriving a substantial portion of their revenues from Germany.