Weiss Asset Management LP increased its holdings in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Free Report) by 67.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,968 shares of the closed-end fund’s stock after buying an additional 36,569 shares during the period. Weiss Asset Management LP’s holdings in The Central and Eastern Europe Fund were worth $1,665,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Osaic Holdings Inc. acquired a new position in The Central and Eastern Europe Fund in the 2nd quarter valued at approximately $128,000. XTX Topco Ltd bought a new stake in shares of The Central and Eastern Europe Fund in the second quarter worth $179,000. Raymond James Financial Inc. increased its holdings in The Central and Eastern Europe Fund by 8.4% in the second quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock valued at $259,000 after purchasing an additional 1,291 shares during the period. Susquehanna International Group LLP acquired a new stake in The Central and Eastern Europe Fund in the third quarter valued at $331,000. Finally, Patriot Financial Group Insurance Agency LLC raised its position 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 worth $581,000 after purchasing an additional 12,793 shares during the last quarter. 34.41% of the stock is owned by institutional investors.
The Central and Eastern Europe Fund Trading Up 0.8%
NYSE CEE opened at $20.91 on Monday. The business’s 50-day moving average price is $20.96 and its two-hundred day moving average price is $19.74. The Central and Eastern Europe Fund, Inc. has a 12 month low of $14.76 and a 12 month high of $21.98.
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.
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