The New Germany Fund (NYSE:GF) Stock Crosses Above 50-Day Moving Average – What’s Next?

The New Germany Fund, Inc. (NYSE:GF) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.09 and traded as high as $11.17. The New Germany Fund shares last traded at $11.1350, with a volume of 352 shares.

The New Germany Fund Stock Down 0.4%

The firm has a fifty day moving average price of $11.09 and a 200-day moving average price of $11.52.

Institutional Investors Weigh In On The New Germany Fund

A number of hedge funds have recently made changes to their positions in GF. PNC Financial Services Group Inc. grew its position in The New Germany Fund by 10.9% during the first quarter. PNC Financial Services Group Inc. now owns 15,082 shares of the investment management company’s stock valued at $148,000 after buying an additional 1,487 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in The New Germany Fund by 28.5% in the third quarter. Blue Bell Private Wealth Management LLC now owns 83,664 shares of the investment management company’s stock valued at $967,000 after acquiring an additional 18,557 shares during the last quarter. Royal Bank of Canada grew its position in shares of The New Germany Fund by 1.1% during the 1st quarter. Royal Bank of Canada now owns 93,573 shares of the investment management company’s stock valued at $918,000 after acquiring an additional 1,018 shares during the period. Shaker Financial Services LLC grew its position in shares of The New Germany Fund by 1,013.0% during the 2nd quarter. Shaker Financial Services LLC now owns 122,622 shares of the investment management company’s stock valued at $1,464,000 after acquiring an additional 111,605 shares during the period. Finally, Uncommon Cents Investing LLC increased its stake in shares of The New Germany Fund by 6.3% during the 2nd quarter. Uncommon Cents Investing LLC now owns 363,497 shares of the investment management company’s stock worth $4,340,000 after purchasing an additional 21,663 shares during the last quarter.

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.