Wealth Care LLC purchased a new position in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 31,936 shares of the closed-end fund’s stock, valued at approximately $584,000. Wealth Care LLC owned 0.54% of The Central and Eastern Europe Fund at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in The Central and Eastern Europe Fund by 2.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,980 shares of the closed-end fund’s stock valued at $640,000 after buying an additional 688 shares during the period. Raymond James Financial Inc. increased its position in shares of The Central and Eastern Europe Fund by 8.4% during the second quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock valued at $259,000 after acquiring an additional 1,291 shares during the last quarter. Investors Research Corp acquired a new stake in shares of The Central and Eastern Europe Fund during the fourth quarter valued at about $69,000. Silver Point Capital L.P. raised its stake in shares of The Central and Eastern Europe Fund by 9.6% in the 2nd quarter. Silver Point Capital L.P. now owns 55,900 shares of the closed-end fund’s stock valued at $868,000 after acquiring an additional 4,900 shares during the period. Finally, Osaic Holdings Inc. purchased a new stake in shares of The Central and Eastern Europe Fund in the 2nd quarter valued at approximately $128,000. 34.41% of the stock is owned by institutional investors and hedge funds.
The Central and Eastern Europe Fund Stock Down 0.1%
NYSE:CEE opened at $20.55 on Wednesday. The company has a 50 day moving average price of $20.91 and a 200 day moving average price of $19.32. The Central and Eastern Europe Fund, Inc. has a fifty-two week low of $14.25 and a fifty-two week high of $21.98.
About The Central and Eastern Europe Fund
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.
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