Royal Bank of Canada Purchases New Position in The Central and Eastern Europe Fund, Inc. $CEE

Royal Bank of Canada purchased a new stake in The Central and Eastern Europe Fund, Inc. (NYSE:CEEFree Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 56,629 shares of the closed-end fund’s stock, valued at approximately $1,036,000. Royal Bank of Canada owned 0.96% of The Central and Eastern Europe Fund at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Weiss Asset Management LP bought a new position in shares of The Central and Eastern Europe Fund during the fourth quarter valued at $963,000. Wealth Care LLC acquired a new stake in shares of The Central and Eastern Europe Fund during the 1st quarter worth about $584,000. Susquehanna International Group LLP acquired a new stake in shares of The Central and Eastern Europe Fund during the 3rd quarter worth about $331,000. Stifel Financial Corp lifted its holdings in The Central and Eastern Europe Fund by 23.0% during the 4th quarter. Stifel Financial Corp now owns 76,840 shares of the closed-end fund’s stock valued at $1,360,000 after purchasing an additional 14,384 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in The Central and Eastern Europe Fund by 67.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 31,768 shares of the closed-end fund’s stock valued at $581,000 after purchasing an additional 12,793 shares during the last quarter. 34.41% of the stock is currently owned by institutional investors and hedge funds.

The Central and Eastern Europe Fund Stock Performance

NYSE:CEE opened at $20.50 on Friday. The Central and Eastern Europe Fund, Inc. has a 12 month low of $14.76 and a 12 month high of $21.98. The company’s 50-day moving average price is $20.94 and its two-hundred day moving average price is $20.11.

The Central and Eastern Europe Fund Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for The Central and Eastern Europe Fund (NYSE:CEE)

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