The European Equity Fund (NYSE:EEA) Stock Price Down 0.1% - Here's What Happened

Key Points

• Shares of The European Equity Fund (NYSE:EEA) were down 0.1% during mid-day trading, with a recent price of $10.59 after previously closing at $10.60.
• Approximately 44,708 shares were traded, indicating a 105% increase in trading volume compared to the average daily volume of 21,777 shares.
• Institutional investors recently made significant changes to their positions, with firms like Shaker Financial Services LLC and Allspring Global Investments boosting their stakes by 13.9% and 4.6%, respectively.

Shares of The European Equity Fund, Inc. (NYSE:EEA - ) were down 0.1% during mid-day trading on Monday . The company traded as low as $10.56 and last traded at $10.59. Approximately 44,708 shares were traded during mid-day trading, an increase of 105% from the average daily volume of 21,777 shares. The stock had previously closed at $10.60.

The European Equity Fund Trading Down 0.1%

The company has a fifty day moving average of $10.35 and a 200-day moving average of $9.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Shaker Financial Services LLC boosted its stake in The European Equity Fund by 13.9% in the 2nd quarter. Shaker Financial Services LLC now owns 447,331 shares of the financial services provider's stock valued at $4,576,000 after buying an additional 54,759 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in The European Equity Fund by 4.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 694,622 shares of the financial services provider's stock valued at $7,106,000 after purchasing an additional 30,826 shares during the last quarter. Almitas Capital LLC boosted its stake in The European Equity Fund by 297.7% in the first quarter. Almitas Capital LLC now owns 63,976 shares of the financial services provider's stock worth $582,000 after purchasing an additional 47,889 shares in the last quarter. Ancora Advisors LLC acquired a new position in The European Equity Fund in the first quarter worth $182,000. Finally, Wolverine Asset Management LLC grew its holdings 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 worth $545,000 after purchasing an additional 11,386 shares during the last quarter. Institutional investors own 51.94% of the company's stock.

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.

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