European Equity Fund, Inc. (The) (EEA) Stake Decreased by Shaker Financial Services LLC
Shaker Financial Services LLC lowered its holdings in European Equity Fund, Inc. (The) (NYSE:EEA) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,442 shares of the financial services provider’s stock after selling 10,115 shares during the quarter. European Equity Fund accounts for about 1.4% of Shaker Financial Services LLC’s investment portfolio, making the stock its 22nd biggest holding. Shaker Financial Services LLC owned 3.30% of European Equity Fund worth $2,579,000 as of its most recent SEC filing.
Separately, Wells Fargo & Company MN raised its stake in shares of European Equity Fund by 6.1% in the second quarter. Wells Fargo & Company MN now owns 532,263 shares of the financial services provider’s stock worth $4,881,000 after purchasing an additional 30,604 shares during the last quarter. Hedge funds and other institutional investors own 40.57% of the company’s stock.
European Equity Fund, Inc. (EEA) opened at $9.71 on Friday. European Equity Fund, Inc. has a one year low of $7.20 and a one year high of $10.00.
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European Equity Fund Profile
The European Equity Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s objective is to seek long-term capital appreciation primarily through investment in European equities. It primarily focuses its investments in equity securities of issuers domiciled in countries that are members of the European Union, thereby increasing its vulnerability to developments in that region.
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