Wealth Care LLC Acquires New Position in The Central and Eastern Europe Fund, Inc. $CEE

Wealth Care LLC bought a new position in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,936 shares of the closed-end fund’s stock, valued at approximately $584,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its position in The Central and Eastern Europe Fund by 2.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,980 shares of the closed-end fund’s stock valued at $640,000 after buying an additional 688 shares during the period. Raymond James Financial Inc. increased its position in shares of The Central and Eastern Europe Fund by 8.4% during the second quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock worth $259,000 after acquiring an additional 1,291 shares during the period. Investors Research Corp acquired a new stake in shares of The Central and Eastern Europe Fund in the fourth quarter valued at $69,000. Silver Point Capital L.P. raised its stake in shares of The Central and Eastern Europe Fund by 9.6% in the second quarter. Silver Point Capital L.P. now owns 55,900 shares of the closed-end fund’s stock valued at $868,000 after acquiring an additional 4,900 shares in the last quarter. Finally, Osaic Holdings Inc. purchased a new position in The Central and Eastern Europe Fund in the second quarter valued at $128,000. Hedge funds and other institutional investors own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Price Performance

CEE opened at $20.55 on Wednesday. The Central and Eastern Europe Fund, Inc. has a 12 month low of $14.25 and a 12 month high of $21.98. The business has a fifty day moving average price of $20.91 and a 200 day moving average price of $19.32.

About The Central and Eastern Europe Fund

The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end management investment company that seeks to provide shareholders with long-term growth of capital and a high level of current income. Since its initial public offering in 1994, the fund has focused on equity and equity-related securities of companies operating in Central and Eastern Europe. Shares of CEE are traded on the New York Stock Exchange, offering U.S. investors direct exposure to the economic growth and development of this dynamic region.

CEE’s investment strategy combines a macroeconomic top-down framework with rigorous bottom-up security selection.