The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.15 and traded as low as $19.97. The Central and Eastern Europe Fund shares last traded at $20.1940, with a volume of 7,592 shares trading hands.
The Central and Eastern Europe Fund Stock Up 1.1%
The stock’s fifty day simple moving average is $20.68 and its 200 day simple moving average is $20.15.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. Almitas Capital LLC purchased a new stake in The Central and Eastern Europe Fund during the second quarter valued at approximately $3,560,000. Silver Point Capital L.P. acquired a new stake in The Central and Eastern Europe Fund in the second quarter valued at approximately $1,171,967. Royal Bank of Canada purchased a new position in The Central and Eastern Europe Fund in the first quarter worth $1,036,000. Weiss Asset Management LP purchased a new position in The Central and Eastern Europe Fund in the fourth quarter worth $963,000. Finally, Wealth Care LLC acquired a new position in shares of The Central and Eastern Europe Fund during the first quarter worth $584,000. Hedge funds and other institutional investors own 34.41% of the company’s stock.
The Central and Eastern Europe Fund Company Profile
The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end management investment company that seeks to provide shareholders with long-term growth of capital and a high level of current income. Since its initial public offering in 1994, the fund has focused on equity and equity-related securities of companies operating in Central and Eastern Europe. Shares of CEE are traded on the New York Stock Exchange, offering U.S. investors direct exposure to the economic growth and development of this dynamic region.
CEE’s investment strategy combines a macroeconomic top-down framework with rigorous bottom-up security selection.
Featured Stories
- Five stocks we like better than The Central and Eastern Europe Fund
- Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
- Is Duolingo the Next Netflix-Style Comeback Story?
- GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
- GTA VI’s Console Problem Isn’t Take-Two’s Problem
Receive News & Ratings for The Central and Eastern Europe Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Central and Eastern Europe Fund and related companies with MarketBeat.com's FREE daily email newsletter.
