Allspring Global Investments Holdings LLC Buys 30,826 Shares of The European Equity Fund, Inc. $EEA

Key Points

• Allspring Global Investments Holdings LLC increased its stake in The European Equity Fund, Inc. (NYSE:EEA) by 4.6%, acquiring an additional 30,826 shares during the second quarter.
• The European Equity Fund stock has seen a 0.6% increase, opening at $10.91, with a one-year high of $11.10.
• Institutional investors and hedge funds hold approximately 51.94% of The European Equity Fund's stock, highlighting significant institutional interest.

Allspring Global Investments Holdings LLC boosted its holdings in The European Equity Fund, Inc. (NYSE:EEA - Free Report) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 694,622 shares of the financial services provider's stock after buying an additional 30,826 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 10.37% of The European Equity Fund worth $7,106,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Wolverine Asset Management LLC boosted its stake in shares of The European Equity Fund by 23.5% during the first quarter. Wolverine Asset Management LLC now owns 59,898 shares of the financial services provider's stock valued at $545,000 after purchasing an additional 11,386 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of The European Equity Fund during the first quarter valued at about $182,000. Almitas Capital LLC boosted its stake in shares of The European Equity Fund by 297.7% during the first quarter. Almitas Capital LLC now owns 63,976 shares of the financial services provider's stock valued at $582,000 after purchasing an additional 47,889 shares in the last quarter. Shaker Financial Services LLC boosted its stake in shares of The European Equity Fund by 30.2% during the first quarter. Shaker Financial Services LLC now owns 392,572 shares of the financial services provider's stock valued at $3,572,000 after purchasing an additional 91,113 shares in the last quarter. Finally, Matisse Capital lifted its stake in shares of The European Equity Fund by 132.5% in the first quarter. Matisse Capital now owns 188,070 shares of the financial services provider's stock worth $1,711,000 after acquiring an additional 107,172 shares during the period. 51.94% of the stock is owned by institutional investors and hedge funds.

The European Equity Fund Stock Up 0.6%

The European Equity Fund stock opened at $10.91 on Monday. The stock's 50 day moving average is $10.71 and its 200 day moving average is $10.10. The European Equity Fund, Inc. has a one year low of $8.05 and a one year high of $11.10.

The European Equity Fund Company Profile

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.

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