The European Equity Fund, Inc. (NYSE:EEA – Get Free Report)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.38 and traded as low as $10.34. The European Equity Fund shares last traded at $10.59, with a volume of 54,594 shares traded.
The European Equity Fund Stock Up 0.4%
The firm’s 50-day moving average is $10.38 and its 200 day moving average is $10.62.
Institutional Investors Weigh In On The European Equity Fund
Several institutional investors and hedge funds have recently made changes to their positions in EEA. Wolverine Asset Management LLC purchased a new stake in shares of The European Equity Fund in the 4th quarter worth about $76,000. Spirepoint Private Client LLC acquired a new position in The European Equity Fund in the 4th quarter valued at about $117,000. Citadel Advisors LLC acquired a new position in The European Equity Fund in the 3rd quarter valued at about $158,000. Blue Bell Private Wealth Management LLC raised 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 valued at $248,000 after purchasing an additional 5,739 shares during the last quarter. Finally, Shaker Financial Services LLC raised its stake in The European Equity Fund by 12.7% in the 4th quarter. Shaker Financial Services LLC now owns 502,117 shares of the financial services provider’s stock valued at $5,557,000 after purchasing an additional 56,564 shares during the last quarter. 51.94% of the stock is currently owned by hedge funds and other institutional investors.
About The European Equity Fund
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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