1607 Capital Partners LLC trimmed its position in The European Equity Fund, Inc. (NYSE:EEA - Free Report) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,816,430 shares of the financial services provider's stock after selling 54,664 shares during the quarter. The European Equity Fund accounts for 1.2% of 1607 Capital Partners LLC's holdings, making the stock its 25th largest holding. 1607 Capital Partners LLC owned 26.33% of The European Equity Fund worth $14,788,000 at the end of the most recent quarter.
Separately, Matisse Capital increased its stake in shares of The European Equity Fund by 30.9% in the 4th quarter. Matisse Capital now owns 80,898 shares of the financial services provider's stock valued at $659,000 after purchasing an additional 19,089 shares during the last quarter. Hedge funds and other institutional investors own 51.94% of the company's stock.
The European Equity Fund Stock Performance
The European Equity Fund stock traded down $0.06 during midday trading on Monday, reaching $9.00. The company's stock had a trading volume of 65,882 shares, compared to its average volume of 14,624. The business has a 50-day moving average price of $9.00 and a 200-day moving average price of $8.75. The European Equity Fund, Inc. has a 52 week low of $8.05 and a 52 week high of $9.48.
About The European Equity Fund
(
Free Report)
The European Equity Fund, Inc is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Europe. The fund seeks to invest in the stocks of companies operating across diversified sectors.
Recommended Stories
Before you consider The European Equity Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The European Equity Fund wasn't on the list.
While The European Equity Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
