The European Equity Fund, Inc. (NYSE:EEA – Get Free Report)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.93 and traded as high as $11.25. The European Equity Fund shares last traded at $11.25, with a volume of 180 shares traded.
The European Equity Fund Price Performance
The company has a 50-day simple moving average of $10.93 and a two-hundred day simple moving average of $10.69.
Institutional Trading of The European Equity Fund
Hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC purchased a new position in shares of The European Equity Fund during the 4th quarter valued at $76,000. Citadel Advisors LLC bought a new stake 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 18.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 27,146 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 4,232 shares during the period. Finally, Shaker Financial Services LLC lifted its holdings in The European Equity Fund by 12.7% during the fourth 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 institutional investors.
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.
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