Matisse Capital Buys 6,490 Shares of The New Germany Fund, Inc. (NYSE:GF)

Posted by Trevor Kearing on Feb 4th, 2025

Matisse Capital increased its holdings in shares of The New Germany Fund, Inc. (NYSE:GF – Free Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 91,411 shares of the investment management company’s stock after purchasing an additional 6,490 shares during the quarter. Matisse Capital’s holdings in The New Germany Fund were worth $713,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of The New Germany Fund during the fourth quarter valued at about $45,000. Tidal Investments LLC purchased a new position in The New Germany Fund in the third quarter worth $198,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of The New Germany Fund during the 3rd quarter valued at $126,000.

The New Germany Fund Trading Down 1.3 %

Shares of GF stock opened at $8.31 on Tuesday. The New Germany Fund, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $8.99. The business’s 50 day moving average price is $8.08 and its 200-day moving average price is $8.32.

The New Germany Fund Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, January 31st. Investors of record on Monday, December 30th were given a $0.0482 dividend. This is an increase from The New Germany Fund’s previous semi-annual dividend of $0.02. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Monday, December 30th.

The New Germany Fund Company Profile

(Free Report)

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.