The New Germany Fund, Inc. (NYSE:GF) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lessened its stake in The New Germany Fund, Inc. (NYSE:GF) by 8.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,166 shares of the investment management company’s stock after selling 4,706 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in The New Germany Fund were worth $484,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GF. Wolverine Asset Management LLC boosted its holdings in The New Germany Fund by 88.9% in the second quarter. Wolverine Asset Management LLC now owns 109,644 shares of the investment management company’s stock valued at $892,000 after acquiring an additional 51,606 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of The New Germany Fund by 1.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,361,549 shares of the investment management company’s stock worth $19,211,000 after purchasing an additional 22,390 shares during the period. Matisse Capital grew its holdings in shares of The New Germany Fund by 23.3% during the 2nd quarter. Matisse Capital now owns 75,215 shares of the investment management company’s stock worth $612,000 after purchasing an additional 14,214 shares during the period. Finally, Logan Stone Capital LLC increased its position in The New Germany Fund by 14.4% during the 2nd quarter. Logan Stone Capital LLC now owns 96,506 shares of the investment management company’s stock worth $785,000 after purchasing an additional 12,120 shares in the last quarter.

The New Germany Fund Price Performance

Shares of GF stock opened at $7.97 on Friday. The New Germany Fund, Inc. has a fifty-two week low of $7.90 and a fifty-two week high of $8.99. The firm’s 50 day moving average price is $8.55 and its two-hundred day moving average price is $8.47.

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.