Matisse Capital Invests $683,000 in The New Ireland Fund, Inc. (IRL) Stock

Matisse Capital purchased a new position in The New Ireland Fund, Inc. (NYSE:IRL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 75,807 shares of the financial services provider’s stock, valued at approximately $683,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Cardan Capital Partners LLC boosted its holdings in The New Ireland Fund by 160.9% in the first quarter. Cardan Capital Partners LLC now owns 96,682 shares of the financial services provider’s stock worth $871,000 after acquiring an additional 59,626 shares in the last quarter. Geode Capital Management LLC boosted its holdings in The New Ireland Fund by 14.2% in the fourth quarter. Geode Capital Management LLC now owns 34,056 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 4,229 shares in the last quarter. First Allied Advisory Services Inc. boosted its holdings in The New Ireland Fund by 43.0% in the fourth quarter. First Allied Advisory Services Inc. now owns 38,248 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 11,500 shares in the last quarter. 1607 Capital Partners LLC boosted its holdings in The New Ireland Fund by 9.6% in the fourth quarter. 1607 Capital Partners LLC now owns 584,523 shares of the financial services provider’s stock worth $4,881,000 after acquiring an additional 51,212 shares in the last quarter. Finally, Point View Wealth Management Inc. acquired a new stake in The New Ireland Fund in the fourth quarter worth about $212,000. 30.62% of the stock is owned by institutional investors and hedge funds.

NYSE IRL remained flat at $$9.48 during trading on Wednesday. The company’s stock had a trading volume of 4,933 shares, compared to its average volume of 11,674. The New Ireland Fund, Inc. has a fifty-two week low of $7.69 and a fifty-two week high of $12.30.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 22nd were issued a $0.1107 dividend. This represents a $0.44 annualized dividend and a yield of 4.67%. The ex-dividend date was Thursday, March 21st.

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The New Ireland Fund Company Profile

The New Ireland Fund, Inc is a close-ended balanced mutual fund launched by Bank of Ireland Asset Management (U.S.) Limited. It is managed by Kleinwort Benson Investors International Ltd. The fund invests in the public equity and fixed income markets of the Ireland. It seeks to invest in growth stocks of companies operating across diversified sectors.

Further Reading: Differences Between Momentum Investing and Long Term Investing

Want to see what other hedge funds are holding IRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The New Ireland Fund, Inc. (NYSE:IRL).

Institutional Ownership by Quarter for The New Ireland Fund (NYSE:IRL)

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