Silver Point Capital L.P. Takes $1.17 Billion Position in The Central and Eastern Europe Fund, Inc. $CEE

Silver Point Capital L.P. acquired a new stake in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) in the 2nd quarter, Holdings Channel reports. The fund acquired 57,030 shares of the closed-end fund’s stock, valued at approximately $1,171,967,000. The Central and Eastern Europe Fund accounts for about 0.1% of Silver Point Capital L.P.’s portfolio, making the stock its 12th largest holding.

A number of other institutional investors also recently bought and sold shares of the stock. Weiss Asset Management LP grew its position in The Central and Eastern Europe Fund by 67.2% during the 1st quarter. Weiss Asset Management LP now owns 90,968 shares of the closed-end fund’s stock worth $1,665,000 after purchasing an additional 36,569 shares during the last quarter. Stifel Financial Corp increased its stake in The Central and Eastern Europe Fund by 23.0% during the 4th quarter. Stifel Financial Corp now owns 76,840 shares of the closed-end fund’s stock valued at $1,360,000 after purchasing an additional 14,384 shares in the last quarter. Royal Bank of Canada purchased a new position in shares of The Central and Eastern Europe Fund in the first quarter worth $1,036,000. Janney Montgomery Scott LLC raised its holdings in shares of The Central and Eastern Europe Fund by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 34,980 shares of the closed-end fund’s stock worth $640,000 after buying an additional 688 shares during the last quarter. Finally, Wealth Care LLC acquired a new stake in shares of The Central and Eastern Europe Fund during the first quarter worth $584,000. 34.41% of the stock is currently owned by institutional investors and hedge funds.

The Central and Eastern Europe Fund Price Performance

Shares of CEE opened at $20.14 on Thursday. The Central and Eastern Europe Fund, Inc. has a 1-year low of $14.76 and a 1-year high of $21.98. The company’s fifty day moving average price is $20.86 and its 200-day moving average price is $20.14.

The Central and Eastern Europe Fund Company Profile

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.