Lazard Asset Management LLC Has $12.78 Million Stock Position in The New Germany Fund, Inc. (NYSE:GF)

Lazard Asset Management LLC lowered its holdings in shares of The New Germany Fund, Inc. (NYSE:GF) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,638,901 shares of the investment management company’s stock after selling 10,599 shares during the period. Lazard Asset Management LLC’s holdings in The New Germany Fund were worth $12,783,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GF. Tidal Investments LLC acquired a new stake in The New Germany Fund during the third quarter worth approximately $198,000. Heck Capital Advisors LLC acquired a new stake in The New Germany Fund during the fourth quarter worth approximately $45,000. Matisse Capital grew its stake in The New Germany Fund by 7.6% during the fourth quarter. Matisse Capital now owns 91,411 shares of the investment management company’s stock worth $713,000 after purchasing an additional 6,490 shares during the period. Sanctuary Advisors LLC grew its stake in The New Germany Fund by 68.8% during the fourth quarter. Sanctuary Advisors LLC now owns 23,831 shares of the investment management company’s stock worth $201,000 after purchasing an additional 9,717 shares during the period. Finally, Verdence Capital Advisors LLC acquired a new stake in The New Germany Fund during the fourth quarter worth approximately $83,000.

The New Germany Fund Price Performance

Shares of The New Germany Fund stock opened at $10.95 on Wednesday. The New Germany Fund, Inc. has a 52 week low of $7.74 and a 52 week high of $11.00. The stock has a 50 day moving average price of $10.13 and a two-hundred day moving average price of $8.95.

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.