Shares of The European Equity Fund, Inc. (NYSE:EEA - Get Free Report) shot up 0.3% during mid-day trading on Tuesday . The company traded as high as $10.07 and last traded at $10.04. 5,200 shares were traded during trading, a decline of 67% from the average session volume of 15,979 shares. The stock had previously closed at $10.01.
The European Equity Fund Stock Down 0.1%
The firm has a 50 day moving average price of $9.43 and a 200-day moving average price of $8.98.
The European Equity Fund Cuts Dividend
The firm also recently declared a semi-annual dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 27th were issued a $0.0297 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a dividend yield of 1.8%.
Institutional Trading of The European Equity Fund
Several institutional investors and hedge funds have recently made changes to their positions in the business. Almitas Capital LLC bought a new stake in The European Equity Fund during the 4th quarter valued at about $131,000. Ancora Advisors LLC purchased a new position in shares of The European Equity Fund during the first quarter worth approximately $182,000. Bank of America Corp DE raised 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 acquiring an additional 20,767 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of The European Equity Fund by 18.2% in the fourth quarter. Wolverine Asset Management LLC now owns 48,512 shares of the financial services provider's stock valued at $395,000 after purchasing an additional 7,459 shares during the period. Finally, Matisse Capital boosted its holdings 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 valued at $1,711,000 after purchasing an additional 107,172 shares during the period. 51.94% of the stock is currently owned by institutional investors.
The European Equity Fund Company Profile
(
Get 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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