Citigroup Inc. Cuts Holdings in European Equity Fund, Inc. (The) (EEA)
Citigroup Inc. lessened its holdings in shares of European Equity Fund, Inc. (The) (NYSE:EEA) by 81.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,247 shares of the financial services provider’s stock after selling 58,177 shares during the quarter. Citigroup Inc.’s holdings in European Equity Fund, Inc. (The) were worth $121,000 at the end of the most recent reporting period.
Separately, Wells Fargo & Company MN boosted its position in European Equity Fund, Inc. (The) by 6.1% during the second quarter. Wells Fargo & Company MN now owns 532,263 shares of the financial services provider’s stock worth $4,881,000 after purchasing an additional 30,604 shares during the period. 40.46% of the stock is currently owned by institutional investors.
European Equity Fund, Inc. (NYSE:EEA) opened at 9.69 on Thursday. The firm’s 50-day moving average is $9.67 and its 200-day moving average is $9.30. European Equity Fund, Inc. has a 12 month low of $7.20 and a 12 month high of $9.92.
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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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