Wolverine Asset Management LLC Sells 2,510 Shares of The New Germany Fund, Inc. (NYSE:GF)

Wolverine Asset Management LLC lessened its holdings in shares of The New Germany Fund, Inc. (NYSE:GF) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,134 shares of the investment management company’s stock after selling 2,510 shares during the quarter. Wolverine Asset Management LLC’s holdings in The New Germany Fund were worth $957,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GF. Matisse Capital raised its stake in The New Germany Fund by 23.3% in the second quarter. Matisse Capital now owns 75,215 shares of the investment management company’s stock valued at $612,000 after purchasing an additional 14,214 shares in the last quarter. Logan Stone Capital LLC lifted its holdings in shares of The New Germany Fund by 14.4% during the second 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 during the period. Karpus Management Inc. grew its stake in shares of The New Germany Fund by 404.3% in the first quarter. Karpus Management Inc. now owns 115,383 shares of the investment management company’s stock worth $1,005,000 after purchasing an additional 92,501 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in The New Germany Fund by 1.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,361,549 shares of the investment management company’s stock valued at $19,211,000 after purchasing an additional 22,390 shares during the period.

The New Germany Fund Stock Down 1.2 %

Shares of GF opened at $8.28 on Wednesday. The stock’s 50-day moving average price is $8.59 and its two-hundred day moving average price is $8.49. The New Germany Fund, Inc. has a 12 month low of $7.90 and a 12 month high of $8.99.

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.