The New Ireland Fund, Inc. (NYSE:IRL) Holdings Trimmed by City of London Investment Management Co. Ltd.

June 17th, 20189:16 am @

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City of London Investment Management Co. Ltd. lowered its holdings in shares of The New Ireland Fund, Inc. (NYSE:IRL) by 84.6% in the 1st quarter, according to its most recent 13F filing with the Securities Exchange Commission. The fund owned 16,600 shares of the financial services provider’s stock after selling 91,092 shares during the quarter. City of London Investment Management Co. Ltd. owned approximately 0.33% of The New Ireland Fund worth $199,000 as of its most recent filing with the Securities Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IRL. Advisor Group Inc. purchased a new stake in shares of The New Ireland Fund during the 4th quarter valued at about $112,000. Meridian Investment Counsel Inc. grew its stake in shares of The New Ireland Fund by 56.2% during the 4th quarter. Meridian Investment Counsel Inc. now owns 19,965 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 7,185 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of The New Ireland Fund during the 4th quarter valued at approximately $284,000. Doliver Capital Advisors LP bought a new position in shares of The New Ireland Fund during the 1st quarter valued at approximately $310,000. Finally, First Allied Advisory Services Inc. bought a new position in shares of The New Ireland Fund during the 4th quarter valued at approximately $403,000. 22.32% of the stock is owned by hedge funds and other institutional investors.

Shares of The New Ireland Fund opened at $12.06 on Friday, MarketBeat Ratings reports. The New Ireland Fund, Inc. has a 12-month low of $11.88 and a 12-month high of $14.17.

The New Ireland Fund Company Profile

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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Article source: https://weekherald.com/2018/06/17/irish-investment-fund-inc-irl-holdings-cut-by-city-of-london-investment-management-co-ltd.html