Wolfgang Helmut Leoni Buys 703 Shares of New Germany Fund Inc (GF) Stock

New Germany Fund Inc (NYSE:GF) Director Wolfgang Helmut Leoni bought 703 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was acquired at an average cost of $14.23 per share, with a total value of $10,003.69. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NYSE:GF traded up $0.26 during midday trading on Thursday, hitting $14.53. 2,654 shares of the stock were exchanged, compared to its average volume of 18,976. New Germany Fund Inc has a 52-week low of $11.27 and a 52-week high of $19.79.

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

Several large investors have recently made changes to their positions in the stock. Relative Value Partners Group LLC raised its holdings in shares of New Germany Fund by 2.8% during the fourth quarter. Relative Value Partners Group LLC now owns 31,598 shares of the investment management company’s stock worth $463,000 after acquiring an additional 865 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in New Germany Fund by 3.0% during the first 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 in the last quarter. Sigma Planning Corp raised its holdings in New Germany Fund by 21.7% during the first 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 in the last quarter. Arnhold LLC raised its holdings in New Germany Fund by 21.7% during the first quarter. Arnhold LLC now owns 17,888 shares of the investment management company’s stock valued at $250,000 after buying an additional 3,190 shares in the last quarter. Finally, 1607 Capital Partners LLC raised its holdings in New Germany Fund by 0.7% during the first quarter. 1607 Capital Partners LLC now owns 1,212,395 shares of the investment management company’s stock valued at $16,949,000 after buying an additional 8,591 shares in the last quarter.

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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.

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