Almitas Capital LLC Buys Shares of 173,254 The Central and Eastern Europe Fund, Inc. $CEE

Key Points

• Almitas Capital LLC initiated a position of 173,254 shares in The Central and Eastern Europe Fund during the second quarter, valued at approximately $3.56 million and representing 2.66% of the fund.
• Other institutional investors also increased or initiated holdings in CEE, with institutional ownership reaching 34.41%.
• CEE opened at $19.88, down 1.4%, with a 12-month trading range of $14.76 to $21.98. The closed-end fund targets long-term capital growth and current income through investments in Central and Eastern European companies.

Almitas Capital LLC bought a new position in The Central and Eastern Europe Fund, Inc. (NYSE:CEE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 173,254 shares of the closed-end fund's stock, valued at approximately $3,560,000. Almitas Capital LLC owned 2.66% of The Central and Eastern Europe Fund as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CEE. Osaic Holdings Inc. bought a new stake in shares of The Central and Eastern Europe Fund in the second quarter worth about $128,000. XTX Topco Ltd bought a new stake in The Central and Eastern Europe Fund during the 2nd quarter worth approximately $179,000. Raymond James Financial Inc. increased its stake in The Central and Eastern Europe Fund by 8.4% during the 2nd quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund's stock worth $259,000 after purchasing an additional 1,291 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in The Central and Eastern Europe Fund during the 3rd quarter worth approximately $331,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in The Central and Eastern Europe Fund by 67.4% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 31,768 shares of the closed-end fund's stock valued at $581,000 after buying an additional 12,793 shares in the last quarter. 34.41% of the stock is owned by institutional investors.

The Central and Eastern Europe Fund Stock Down 1.4%

CEE opened at $19.88 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 firm's fifty day simple moving average is $20.83 and its 200 day simple moving average is $20.14.

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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