Citigroup Inc. lessened its stake in shares of New Germany Fund Inc. (NYSE:GF) by 29.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,250 shares of the investment management company’s stock after selling 22,174 shares during the quarter. Citigroup Inc. owned 0.34% of New Germany Fund worth $902,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GF. Advisory Alpha LLC boosted its stake in New Germany Fund by 146.9% during the second quarter. Advisory Alpha LLC now owns 80,384 shares of the investment management company’s stock worth $1,415,000 after buying an additional 47,833 shares during the period. Wells Fargo & Company MN boosted its stake in New Germany Fund by 1.4% during the second quarter. Wells Fargo & Company MN now owns 2,020,031 shares of the investment management company’s stock worth $33,593,000 after buying an additional 27,694 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in New Germany Fund by 12.4% during the second quarter. PNC Financial Services Group Inc. now owns 39,856 shares of the investment management company’s stock worth $664,000 after buying an additional 4,407 shares during the period.

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New Germany Fund Inc. (NYSE:GF) opened at 18.51 on Friday. New Germany Fund Inc. has a 52 week low of $12.77 and a 52 week high of $18.67. The firm’s 50-day moving average is $17.98 and its 200 day moving average is $16.71.

New Germany Fund Company Profile

The New Germany Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund seeks long-term capital appreciation primarily through investment in middle-market German equities. The Fund focuses its investments in Germany. The Fund invests in range of sectors, which include commercial services and supplies; construction and engineering; diversified telecommunication services; electrical equipment; electronic equipment, instruments and components; food and staples retailing; food products; healthcare technology; industrial conglomerates; insurance; Internet and direct marketing retail; Internet software and services; life sciences tools and services; machinery; media; metals and mining; pharmaceuticals; real estate management and development; semiconductors and semiconductor equipment; software; thrifts and mortgage finance; transportation infrastructure, and auto components.

Institutional Ownership by Quarter for New Germany Fund (NYSE:GF)

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