European Equity Fund, Inc. (The) (EEA) Director Purchases $10,329.00 in Stock
European Equity Fund, Inc. (The) (NYSE:EEA) Director Kenneth C. Froewiss bought 1,100 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $9.39 per share, for a total transaction of $10,329.00. Following the acquisition, the director now owns 1,100 shares of the company’s stock, valued at $10,329. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of European Equity Fund, Inc. (EEA) traded down 0.32% during midday trading on Friday, reaching $9.32. The company had a trading volume of 5,393 shares. The company’s market capitalization is $75.31 million. The firm’s 50 day moving average price is $9.40 and its 200-day moving average price is $8.79. European Equity Fund, Inc. has a 12 month low of $7.20 and a 12 month high of $9.66.
An institutional investor recently raised its position in European Equity Fund, Inc. (The) stock. Sii Investments Inc. WI raised its position in shares of European Equity Fund, Inc. (The) (NYSE:EEA) by 15.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 242,676 shares of the financial services provider’s stock after buying an additional 33,258 shares during the period. Sii Investments Inc. WI’s holdings in European Equity Fund, Inc. (The) were worth $2,210,000 at the end of the most recent reporting period. 40.76% of the stock is owned by institutional investors.
European Equity Fund, Inc. (The) Company Profile
The European Equity Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s objective is to seek long-term capital appreciation primarily through investment in European equities. It primarily focuses its investments in equity securities of issuers domiciled in countries that are members of the European Union, thereby increasing its vulnerability to developments in that region.
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