Blue Bell Private Wealth Management LLC Boosts Holdings in The New Germany Fund, Inc. (NYSE:GF)

Blue Bell Private Wealth Management LLC increased its holdings in The New Germany Fund, Inc. (NYSE:GF) by 583.7% during the fourth quarter, Holdings Channel reports. The firm owned 46,385 shares of the investment management company’s stock after acquiring an additional 39,601 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in The New Germany Fund were worth $362,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Matisse Capital increased its stake in The New Germany Fund by 7.6% in the 4th quarter. Matisse Capital now owns 91,411 shares of the investment management company’s stock worth $713,000 after acquiring an additional 6,490 shares during the last quarter. Sanctuary Advisors LLC increased its stake in The New Germany Fund by 68.8% in the 4th quarter. Sanctuary Advisors LLC now owns 23,831 shares of the investment management company’s stock worth $201,000 after acquiring an additional 9,717 shares during the last quarter. Tidal Investments LLC bought a new stake in The New Germany Fund in the 3rd quarter worth approximately $198,000. Verdence Capital Advisors LLC bought a new stake in The New Germany Fund in the 4th quarter worth approximately $83,000. Finally, Heck Capital Advisors LLC bought a new stake in The New Germany Fund in the 4th quarter worth approximately $45,000.

The New Germany Fund Stock Up 1.1 %

NYSE:GF opened at $10.15 on Friday. The New Germany Fund, Inc. has a 1 year low of $7.74 and a 1 year high of $10.16. The stock’s 50 day simple moving average is $8.46 and its two-hundred day simple moving average is $8.43.

The New Germany Fund Increases Dividend

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