Matisse Capital lifted its holdings in The New Ireland Fund, Inc. (NYSE:IRL) by 459.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,130 shares of the financial services provider’s stock after purchasing an additional 112,630 shares during the period. Matisse Capital owned about 3.67% of The New Ireland Fund worth $1,718,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Sii Investments Inc. WI acquired a new stake in shares of The New Ireland Fund during the third quarter worth approximately $159,000. Deschutes Portfolio Strategy LLC acquired a new stake in The New Ireland Fund in the third quarter valued at approximately $336,000. City of London Investment Management Co. Ltd. acquired a new stake in The New Ireland Fund in the third quarter valued at approximately $908,000. Finally, Shaker Financial Services LLC lifted its stake in The New Ireland Fund by 490.3% in the third quarter. Shaker Financial Services LLC now owns 89,138 shares of the financial services provider’s stock valued at $1,223,000 after acquiring an additional 74,037 shares during the last quarter. 24.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of The New Ireland Fund, Inc. (NYSE IRL) traded up $0.02 during trading on Wednesday, hitting $12.37. 2,814 shares of the stock were exchanged, compared to its average volume of 28,539. The New Ireland Fund, Inc. has a twelve month low of $12.13 and a twelve month high of $14.33.
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About The New Ireland Fund
The New Ireland Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investment primarily in equity securities of Irish companies. Under normal circumstances, the Fund invests approximately 80% of its total assets in Irish equity and fixed income securities.
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