Allspring Global Investments Holdings LLC reduced its stake in The European Equity Fund, Inc. (NYSE:EEA - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 667,820 shares of the financial services provider's stock after selling 28,781 shares during the period. Allspring Global Investments Holdings LLC owned 9.68% of The European Equity Fund worth $5,437,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in EEA. Wolverine Asset Management LLC increased its stake in The European Equity Fund by 25.4% in the third quarter. Wolverine Asset Management LLC now owns 41,053 shares of the financial services provider's stock valued at $385,000 after purchasing an additional 8,320 shares during the last quarter. Matisse Capital increased its stake in The European Equity Fund by 30.9% in the fourth quarter. Matisse Capital now owns 80,898 shares of the financial services provider's stock valued at $659,000 after purchasing an additional 19,089 shares during the last quarter. Finally, Shaker Financial Services LLC increased its stake in The European Equity Fund by 1.0% in the third quarter. Shaker Financial Services LLC now owns 379,304 shares of the financial services provider's stock valued at $3,558,000 after purchasing an additional 3,701 shares during the last quarter. 51.94% of the stock is currently owned by hedge funds and other institutional investors.
The European Equity Fund Stock Performance
The European Equity Fund stock traded down $0.07 during mid-day trading on Friday, hitting $8.97. The company had a trading volume of 2,056 shares, compared to its average volume of 14,345. The business has a fifty day moving average of $8.54 and a 200 day moving average of $8.80. The European Equity Fund, Inc. has a 1 year low of $8.05 and a 1 year high of $9.47.
The European Equity Fund Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, December 30th were given a dividend of $0.141 per share. The ex-dividend date was Monday, December 30th. This is a positive change from The European Equity Fund's previous semi-annual dividend of $0.04. This represents a dividend yield of 2.1%.
The European Equity Fund Company Profile
(
Free Report)
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.
Further Reading
Before you consider The European Equity Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The European Equity Fund wasn't on the list.
While The European Equity Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
