Shaker Financial Services LLC reduced its position in shares of The European Equity Fund, Inc. (NYSE:EEA - Free Report) by 20.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 301,459 shares of the financial services provider's stock after selling 77,845 shares during the period. Shaker Financial Services LLC owned 4.37% of The European Equity Fund worth $2,495,000 at the end of the most recent reporting period.
Separately, Matisse Capital increased its position in The European Equity Fund by 30.9% during the fourth quarter. Matisse Capital now owns 80,898 shares of the financial services provider's stock worth $659,000 after acquiring an additional 19,089 shares during the period. Institutional investors and hedge funds own 51.94% of the company's stock.
The European Equity Fund Price Performance
The European Equity Fund stock traded up $0.04 during mid-day trading on Friday, reaching $9.38. The company had a trading volume of 7,098 shares, compared to its average volume of 14,719. The company has a 50 day moving average of $9.02 and a 200-day moving average of $8.75. The European Equity Fund, Inc. has a 52 week low of $8.05 and a 52 week high of $9.48.
About The European Equity Fund
(
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.
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