Matisse Capital trimmed its holdings in The European Equity Fund, Inc. (NYSE:EEA – Get Rating) by 11.3% in the 1st quarter, Holdings Channel reports. The fund owned 48,342 shares of the financial services provider’s stock after selling 6,151 shares during the quarter. Matisse Capital’s holdings in The European Equity Fund were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC boosted its position in shares of The European Equity Fund by 21.4% in the fourth quarter. Lazard Asset Management LLC now owns 188,911 shares of the financial services provider’s stock valued at $1,959,000 after acquiring an additional 33,255 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of The European Equity Fund in the fourth quarter valued at approximately $6,667,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of The European Equity Fund by 40.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 7,760 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 2,236 shares during the period. 51.71% of the stock is owned by institutional investors.
EEA stock traded up $0.09 during midday trading on Wednesday, hitting $7.18. The stock had a trading volume of 11,258 shares, compared to its average volume of 8,429. The European Equity Fund, Inc. has a 52 week low of $7.00 and a 52 week high of $12.00. The stock has a 50-day simple moving average of $8.02 and a 200 day simple moving average of $9.20.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, June 24th. Shareholders of record on Monday, May 16th will be paid a dividend of $0.725 per share. The ex-dividend date of this dividend is Friday, May 13th. This represents a yield of 2.7%.
The European Equity Fund Company Profile (Get Rating)
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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