The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $20.98 and traded as high as $21.07. The Central and Eastern Europe Fund shares last traded at $20.8810, with a volume of 43,535 shares changing hands.
The Central and Eastern Europe Fund Trading Down 0.8%
The firm has a 50-day moving average of $20.94 and a 200 day moving average of $20.11.
Institutional Trading of The Central and Eastern Europe Fund
Institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in shares of The Central and Eastern Europe Fund in the second quarter worth approximately $179,000. Raymond James Financial Inc. boosted its holdings in The Central and Eastern Europe Fund by 8.4% in the second quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock worth $259,000 after purchasing an additional 1,291 shares during the last quarter. Silver Point Capital L.P. boosted its holdings in The Central and Eastern Europe Fund by 9.6% in the second quarter. Silver Point Capital L.P. now owns 55,900 shares of the closed-end fund’s stock worth $868,000 after purchasing an additional 4,900 shares during the last quarter. Osaic Holdings Inc. bought a new stake in The Central and Eastern Europe Fund in the 2nd quarter worth approximately $128,000. Finally, Susquehanna International Group LLP bought a new stake in The Central and Eastern Europe Fund in the 3rd quarter worth approximately $331,000. Hedge funds and other 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.
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