Shares of The New Ireland Fund, Inc. (NYSE:IRL) hit a new 52-week low on Tuesday . The company traded as low as $8.65 and last traded at $8.62, with a volume of 1011 shares traded. The stock had previously closed at $8.78.
A number of institutional investors have recently modified their holdings of the business. City of London Investment Management Co. Ltd. grew its holdings in The New Ireland Fund by 166.7% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 77,278 shares of the financial services provider’s stock worth $812,000 after acquiring an additional 48,300 shares during the period. Shaker Financial Services LLC grew its holdings in The New Ireland Fund by 47.1% during the 3rd quarter. Shaker Financial Services LLC now owns 124,137 shares of the financial services provider’s stock worth $1,311,000 after acquiring an additional 39,721 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in The New Ireland Fund by 8.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 65,452 shares of the financial services provider’s stock worth $764,000 after acquiring an additional 5,349 shares during the period. Hedge funds and other institutional investors own 30.15% of the company’s stock.
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The New Ireland Fund, Inc is a closed-end company, which engages in long-term capital appreciation through investment in equity securities of Irish companies. The company was founded on December 14, 1989 and is headquartered in Boston, MA.
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