The European Equity Fund (NYSE:EEA) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

The European Equity Fund, Inc. (NYSE:EEA) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.71 and traded as high as $11.00. The European Equity Fund shares last traded at $10.97, with a volume of 6,665 shares trading hands.

The European Equity Fund Price Performance

The firm’s 50 day simple moving average is $10.80 and its two-hundred day simple moving average is $10.71.

The European Equity Fund Announces Dividend

The business also recently declared a dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, December 30th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 1,462.0%.

Institutional Investors Weigh In On The European Equity Fund

Several hedge funds have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC boosted its stake in The European Equity Fund by 18.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 27,146 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 4,232 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in The European Equity Fund in the fourth quarter worth about $76,000. Shaker Financial Services LLC lifted its stake in shares of The European Equity Fund by 12.7% in the fourth quarter. Shaker Financial Services LLC now owns 502,117 shares of the financial services provider’s stock worth $5,557,000 after buying an additional 56,564 shares in the last quarter. Spirepoint Private Client LLC purchased a new stake in shares of The European Equity Fund during the fourth quarter valued at approximately $117,000. Finally, Citadel Advisors LLC purchased a new stake in shares of The European Equity Fund during the third quarter valued at approximately $158,000. Institutional investors own 51.94% of the company’s stock.

The European Equity Fund Company Profile

The European Equity Fund, Inc (NYSE: EEA) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of issuers located in European countries. Listed on the New York Stock Exchange, the Fund offers U.S. and international investors access to a diversified portfolio of publicly traded European companies, spanning a variety of industries and market capitalizations.

The Fund’s investment strategy is built on fundamental, bottom-up research and active portfolio management.