Wolverine Asset Management LLC Decreases Stake in The New Germany Fund, Inc. (NYSE:GF)

Wolverine Asset Management LLC reduced its holdings in The New Germany Fund, Inc. (NYSE:GF) by 17.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,705 shares of the investment management company’s stock after selling 18,429 shares during the period. Wolverine Asset Management LLC’s holdings in The New Germany Fund were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in shares of The New Germany Fund in the third quarter worth about $126,000. Heck Capital Advisors LLC purchased a new position in shares of The New Germany Fund in the fourth quarter worth about $45,000. Tidal Investments LLC purchased a new position in The New Germany Fund during the third quarter worth about $198,000. Finally, Matisse Capital raised 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.

The New Germany Fund Stock Down 0.3 %

Shares of GF stock opened at $8.83 on Friday. The firm’s 50-day moving average is $8.20 and its two-hundred day moving average is $8.35. The New Germany Fund, Inc. has a 12 month low of $7.74 and a 12 month high of $8.99.

The New Germany Fund Increases Dividend

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

About The New Germany Fund

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.