The Central and Eastern Europe Fund, Inc. (NYSE:CEE - Get Free Report)'s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.76 and traded as low as $11.30. The Central and Eastern Europe Fund shares last traded at $11.30, with a volume of 17,068 shares changing hands.
The Central and Eastern Europe Fund Stock Down 0.4 %
The stock has a 50-day moving average of $11.76 and a 200 day moving average of $10.96.
The Central and Eastern Europe Fund Cuts Dividend
The firm also recently announced an annual dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be issued a dividend of $0.3532 per share. This represents a yield of 3.2%. The ex-dividend date of this dividend is Monday, December 30th.
Hedge Funds Weigh In On The Central and Eastern Europe Fund
A hedge fund recently raised its stake in The Central and Eastern Europe Fund stock. Nations Financial Group Inc. IA ADV grew its holdings in The Central and Eastern Europe Fund, Inc. (NYSE:CEE - Free Report) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 218,016 shares of the closed-end fund's stock after acquiring an additional 1,100 shares during the quarter. Nations Financial Group Inc. IA ADV owned 3.46% of The Central and Eastern Europe Fund worth $2,337,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 34.41% of the company's stock.
About The Central and Eastern Europe Fund
(
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The Central and Eastern Europe 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 across Central and Eastern Europe. The fund seeks to invest in stocks of companies operating across diversified sectors.
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