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Saba Capital Management, L.P., a significant shareholder in New Germany Fund Inc. (NYSE:GF), has increased its stake in the company. According to a recent SEC filing, Saba Capital acquired 300 shares of common stock on February 28, 2025, at a price of $8.98 per share. The total purchase amounted to $2,694. The fund, with a market capitalization of $152.1 million, has shown strong momentum with a 15.9% return year-to-date. InvestingPro analysis indicates the stock is trading near its 52-week high of $9.12. Following this transaction, Saba Capital holds 1,664,681 shares of the fund. This transaction reflects Saba Capital’s ongoing interest in the New Germany Fund, which focuses on investments in German equities. The fund maintains an 18-year track record of consistent dividend payments, currently yielding 1.07%. According to InvestingPro, there are 5 additional key insights available for investors seeking deeper analysis of GF’s performance and valuation metrics.
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