The European Equity Fund (NYSE:EEA) Trading Up 0.3% – Here’s Why

The European Equity Fund, Inc. (NYSE:EEA) was up 0.3% on Thursday . The stock traded as high as $10.71 and last traded at $10.63. Approximately 31,753 shares traded hands during trading, an increase of 50% from the average daily volume of 21,145 shares. The stock had previously closed at $10.60.

The European Equity Fund Stock Up 0.0%

The company’s 50 day moving average price is $10.73 and its 200 day moving average price is $10.45.

Institutional Trading of The European Equity Fund

A number of institutional investors have recently modified their holdings of EEA. Wolverine Asset Management LLC boosted its holdings in The European Equity Fund by 23.5% during the first quarter. Wolverine Asset Management LLC now owns 59,898 shares of the financial services provider’s stock worth $545,000 after buying an additional 11,386 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of The European Equity Fund during the 1st quarter worth approximately $182,000. Almitas Capital LLC grew its holdings in shares of The European Equity Fund by 297.7% in the 1st quarter. Almitas Capital LLC now owns 63,976 shares of the financial services provider’s stock worth $582,000 after acquiring an additional 47,889 shares during the period. Allspring Global Investments Holdings LLC increased its stake in The European Equity Fund by 4.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 694,622 shares of the financial services provider’s stock valued at $7,106,000 after purchasing an additional 30,826 shares in the last quarter. Finally, Shaker Financial Services LLC raised its holdings in The European Equity Fund by 13.9% during the second quarter. Shaker Financial Services LLC now owns 447,331 shares of the financial services provider’s stock worth $4,576,000 after purchasing an additional 54,759 shares during the last quarter. 51.94% of the stock is currently owned by hedge funds and other institutional investors.

The European Equity Fund Company Profile

The European Equity Fund, Inc is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Europe. The fund seeks to invest in the stocks of companies operating across diversified sectors.