Almitas Capital LLC Acquires 47,889 Shares of The European Equity Fund, Inc. $EEA

Key Points

• Almitas Capital LLC increased its holdings in The European Equity Fund, Inc. by 297.7%, acquiring an additional 47,889 shares during the first quarter.
• Numerous institutional investors, including Ancora Advisors LLC and Bank of America Corp DE, have also significantly boosted their positions in The European Equity Fund recently.
• The European Equity Fund's stock is currently priced at $10.49, reflecting a 0.9% decline from previous trading days.

Almitas Capital LLC grew its position in shares of The European Equity Fund, Inc. (NYSE:EEA - Free Report) by 297.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,976 shares of the financial services provider's stock after buying an additional 47,889 shares during the quarter. Almitas Capital LLC owned approximately 0.93% of The European Equity Fund worth $582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Ancora Advisors LLC bought a new stake in The European Equity Fund during the first quarter worth about $182,000. Wolverine Asset Management LLC grew 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 during the last quarter. Shaker Financial Services LLC grew 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 during the last quarter. Matisse Capital grew its stake in shares of The European Equity Fund by 132.5% during the first quarter. Matisse Capital now owns 188,070 shares of the financial services provider's stock valued at $1,711,000 after purchasing an additional 107,172 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of The European Equity Fund by 5,436.4% during the fourth quarter. Bank of America Corp DE now owns 21,149 shares of the financial services provider's stock valued at $172,000 after purchasing an additional 20,767 shares during the last quarter. 51.94% of the stock is owned by institutional investors.

The European Equity Fund Price Performance

Shares of EEA traded up $0.08 during mid-day trading on Friday, hitting $10.67. 12,073 shares of the company traded hands, compared to its average volume of 21,072. The European Equity Fund, Inc. has a one year low of $8.05 and a one year high of $10.83. The business has a 50-day moving average of $10.39 and a 200 day moving average of $9.75.

About The European Equity Fund

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.