Royal Bank of Canada Takes $1.04 Million Position in The Central and Eastern Europe Fund, Inc. $CEE

Royal Bank of Canada purchased a new stake in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 56,629 shares of the closed-end fund’s stock, valued at approximately $1,036,000.

Several other institutional investors have also recently bought and sold shares of CEE. Osaic Holdings Inc. acquired a new position in The Central and Eastern Europe Fund during the 2nd quarter worth $128,000. XTX Topco Ltd acquired a new stake in shares of The Central and Eastern Europe Fund in the 2nd quarter valued at $179,000. Raymond James Financial Inc. increased its stake in shares of The Central and Eastern Europe Fund by 8.4% in the 2nd quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock valued at $259,000 after buying an additional 1,291 shares during the period. Susquehanna International Group LLP bought a new stake in shares of The Central and Eastern Europe Fund during the third quarter worth $331,000. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of The Central and Eastern Europe Fund by 67.4% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 31,768 shares of the closed-end fund’s stock worth $581,000 after acquiring an additional 12,793 shares during the last quarter. Institutional investors own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Stock Down 0.8%

Shares of CEE opened at $20.50 on Friday. The stock’s fifty day simple moving average is $20.94 and its 200-day simple moving average is $20.11. The Central and Eastern Europe Fund, Inc. has a 12-month low of $14.76 and a 12-month high of $21.98.

The Central and Eastern Europe Fund 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.