Matisse Capital grew its holdings in shares of The European Equity Fund, Inc. (NYSE:EEA - Free Report) by 132.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 188,070 shares of the financial services provider's stock after acquiring an additional 107,172 shares during the quarter. Matisse Capital owned about 2.72% of The European Equity Fund worth $1,711,000 as of its most recent SEC filing.
Separately, Almitas Capital LLC bought a new stake in The European Equity Fund in the fourth quarter worth about $131,000. 51.94% of the stock is owned by hedge funds and other institutional investors.
The European Equity Fund Price Performance
NYSE EEA traded up $0.05 on Friday, reaching $10.14. The company's stock had a trading volume of 54,918 shares, compared to its average volume of 16,982. The European Equity Fund, Inc. has a twelve month low of $8.05 and a twelve month high of $10.19. The firm's 50 day moving average is $9.77 and its two-hundred day moving average is $9.10.
The European Equity Fund Cuts Dividend
The firm also recently announced a semi-annual dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were paid a dividend of $0.0297 per share. This represents a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, May 27th.
The European Equity Fund Profile
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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.
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