The European Equity Fund, Inc. (NYSE:EEA – Get Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.93 and traded as high as $11.25. The European Equity Fund shares last traded at $11.25, with a volume of 180 shares traded.
The European Equity Fund Price Performance
The stock’s 50-day simple moving average is $10.93 and its 200 day simple moving average is $10.69.
Institutional Investors Weigh In On The European Equity Fund
A number of large investors have recently bought and sold shares of EEA. Wolverine Asset Management LLC acquired a new position in The European Equity Fund in the fourth quarter worth $76,000. Citadel Advisors LLC acquired a new stake in shares of The European Equity Fund in the third quarter valued at $158,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of The European Equity Fund by 18.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 27,146 shares of the financial services provider’s stock valued at $280,000 after buying an additional 4,232 shares during the last quarter. Finally, Shaker Financial Services LLC raised its holdings in shares of The European Equity Fund by 12.7% in the fourth quarter. Shaker Financial Services LLC now owns 502,117 shares of the financial services provider’s stock valued at $5,557,000 after buying an additional 56,564 shares during the last quarter. 51.94% of the stock is currently owned by institutional investors.
About The European Equity Fund
The European Equity Fund, Inc (NYSE: EEA) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of issuers located in European countries. Listed on the New York Stock Exchange, the Fund offers U.S. and international investors access to a diversified portfolio of publicly traded European companies, spanning a variety of industries and market capitalizations.
The Fund’s investment strategy is built on fundamental, bottom-up research and active portfolio management.
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