The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 changing hands.
The Central and Eastern Europe Fund Stock Down 1.1%
The company’s 50 day moving average is $20.36 and its 200-day moving average is $18.86.
Institutional Investors Weigh In On The Central and Eastern Europe Fund
Hedge funds have recently bought and sold shares of the stock. Freestone Capital Holdings LLC lifted 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 worth $3,148,000 after acquiring an additional 132,858 shares during the last quarter. Bulldog Investors LLP lifted its position in 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 worth $1,111,000 after acquiring an additional 58,971 shares during the last quarter. Investors Research Corp acquired a new stake in The Central and Eastern Europe Fund during the fourth quarter worth approximately $69,000. Weiss Asset Management LP lifted its position in 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 worth $1,665,000 after acquiring an additional 36,569 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in The Central and Eastern Europe Fund during the third quarter worth approximately $331,000. 34.41% of the stock is currently owned by institutional investors and hedge funds.
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.
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