The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.63 and traded as high as $9.75. The Central and Eastern Europe Fund shares last traded at $9.73, with a volume of 12,097 shares trading hands.
The Central and Eastern Europe Fund Trading Up 0.4 %
The business’s fifty day simple moving average is $9.63 and its two-hundred day simple moving average is $9.34.
Hedge Funds Weigh In On The Central and Eastern Europe Fund
Several large investors have recently bought and sold shares of the stock. Vanguard Capital Wealth Advisors purchased a new stake in The Central and Eastern Europe Fund in the fourth quarter valued at approximately $135,000. Investment Partners Asset Management Inc. acquired a new position in shares of The Central and Eastern Europe Fund in the 4th quarter valued at $305,000. Nations Financial Group Inc. IA ADV raised its position in The Central and Eastern Europe Fund by 79.8% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 207,736 shares of the closed-end fund’s stock valued at $1,978,000 after purchasing an additional 92,220 shares during the last quarter. Bulldog Investors LLP boosted its stake in The Central and Eastern Europe Fund by 728.7% during the 4th quarter. Bulldog Investors LLP now owns 272,227 shares of the closed-end fund’s stock worth $2,654,000 after purchasing an additional 239,378 shares during the period. Finally, Madison Avenue Partners LP grew its position in The Central and Eastern Europe Fund by 29.8% during the 4th quarter. Madison Avenue Partners LP now owns 273,957 shares of the closed-end fund’s stock worth $2,671,000 after purchasing an additional 62,927 shares during the last quarter. Institutional investors and hedge funds own 34.41% of the company’s stock.
About The Central and Eastern Europe Fund
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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