Shares of The European Equity Fund, Inc. (NYSE:EEA – Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.76 and traded as low as $10.26. The European Equity Fund shares last traded at $10.27, with a volume of 26,526 shares.
The European Equity Fund Trading Down 1.0%
The firm’s 50-day moving average price is $10.74 and its 200-day moving average price is $10.72.
Institutional Trading of The European Equity Fund
A number of institutional investors and hedge funds have recently bought and sold shares of EEA. Wolverine Asset Management LLC purchased a new stake in The European Equity Fund in the 4th quarter worth $76,000. Spirepoint Private Client LLC purchased a new position in shares of The European Equity Fund during the fourth quarter valued at about $117,000. Citadel Advisors LLC bought a new stake in shares of The European Equity Fund in the third quarter worth about $158,000. Blue Bell Private Wealth Management LLC lifted its position in shares of The European Equity Fund by 33.4% in the third quarter. Blue Bell Private Wealth Management LLC now owns 22,914 shares of the financial services provider’s stock worth $248,000 after buying an additional 5,739 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its position 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. 51.94% of the stock is currently owned by institutional investors.
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.
Further Reading
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