HighTower Advisors LLC lowered its stake in shares of The New Germany Fund, Inc. (NYSE:GF – Free Report) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,165 shares of the investment management company’s stock after selling 2,647 shares during the period. HighTower Advisors LLC’s holdings in The New Germany Fund were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in shares of The New Germany Fund during the 3rd quarter valued at approximately $126,000. Tidal Investments LLC acquired a new position in The New Germany Fund during the third quarter worth $198,000. Heck Capital Advisors LLC acquired a new position in The New Germany Fund during the fourth quarter worth $45,000. Matisse Capital boosted its position 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 in the last quarter. Finally, Verdence Capital Advisors LLC acquired a new stake in The New Germany Fund in the fourth quarter valued at $83,000.
The New Germany Fund Stock Down 4.9 %
NYSE:GF opened at $9.28 on Friday. The New Germany Fund, Inc. has a 52-week low of $7.74 and a 52-week high of $10.65. The stock has a fifty day simple moving average of $9.33 and a 200-day simple moving average of $8.66.
The New Germany Fund 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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