The Central and Eastern Europe Fund (NYSE:CEE) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $20.22 and traded as high as $21.18. The Central and Eastern Europe Fund shares last traded at $20.77, with a volume of 17,986 shares trading hands.

The Central and Eastern Europe Fund Stock Performance

The stock’s 50-day simple moving average is $20.22 and its two-hundred day simple moving average is $18.78.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Freestone Capital Holdings LLC increased its position in The Central and Eastern Europe Fund by 295.2% during the fourth quarter. Freestone Capital Holdings LLC now owns 177,858 shares of the closed-end fund’s stock valued at $3,148,000 after acquiring an additional 132,858 shares during the last quarter. Weiss Asset Management LP boosted its stake in shares of The Central and Eastern Europe Fund by 67.2% during the first quarter. Weiss Asset Management LP now owns 90,968 shares of the closed-end fund’s stock valued at $1,665,000 after purchasing an additional 36,569 shares during the period. Stifel Financial Corp boosted its stake in shares of The Central and Eastern Europe Fund by 23.0% during the fourth 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 during the period. Bulldog Investors LLP boosted its stake in shares of The Central and Eastern Europe Fund by 440.9% during the third quarter. Bulldog Investors LLP now owns 72,345 shares of the closed-end fund’s stock valued at $1,111,000 after purchasing an additional 58,971 shares during the period. Finally, Royal Bank of Canada purchased a new stake in shares of The Central and Eastern Europe Fund during the first quarter valued at $1,036,000. Institutional investors own 34.41% of the company’s stock.

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.