The European Equity Fund, Inc. (NYSE:EEA – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.66 and traded as low as $9.80. The European Equity Fund shares last traded at $9.9850, with a volume of 111,137 shares traded.
The European Equity Fund Price Performance
The company has a 50-day moving average of $10.55 and a 200-day moving average of $10.66.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in EEA. Wolverine Asset Management LLC bought a new stake in shares of The European Equity Fund during the fourth quarter worth $76,000. Spirepoint Private Client LLC bought a new stake in The European Equity Fund in the 4th quarter valued at $117,000. Citadel Advisors LLC acquired a new position in The European Equity Fund in the 3rd quarter worth $158,000. Blue Bell Private Wealth Management LLC boosted its stake in The European Equity Fund by 33.4% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 22,914 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 5,739 shares during the period. Finally, Shaker Financial Services LLC increased its holdings in The European Equity Fund by 12.7% during the 4th quarter. Shaker Financial Services LLC now owns 502,117 shares of the financial services provider’s stock worth $5,557,000 after purchasing an additional 56,564 shares in the last quarter. Institutional investors and hedge funds 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.
Further Reading
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