The European Equity Fund (NYSE:EEA) Stock Price Crosses Below 200 Day Moving Average – What’s Next?
by Doug Wharley · The Cerbat GemThe European Equity Fund, Inc. (NYSE:EEA – Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.66 and traded as low as $9.80. The European Equity Fund shares last traded at $9.9850, with a volume of 111,137 shares changing hands.
The European Equity Fund Trading Up 0.2%
The firm has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $10.66.
Institutional Investors Weigh In On The European Equity Fund
Several institutional investors have recently bought and sold shares of EEA. Wolverine Asset Management LLC acquired a new position in The European Equity Fund during the 4th quarter worth approximately $76,000. Spirepoint Private Client LLC acquired a new stake in shares of The European Equity Fund in the fourth quarter valued at approximately $117,000. Citadel Advisors LLC bought a new stake in shares of The European Equity Fund in the third quarter worth $158,000. Blue Bell Private Wealth Management LLC boosted its holdings in The European Equity Fund by 33.4% during the third quarter. Blue Bell Private Wealth Management LLC now owns 22,914 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 5,739 shares during the last quarter. Finally, Shaker Financial Services LLC grew its position in The European Equity Fund by 12.7% in the fourth quarter. Shaker Financial Services LLC now owns 502,117 shares of the financial services provider’s stock valued at $5,557,000 after purchasing an additional 56,564 shares in the last quarter. Institutional investors own 51.94% of the company’s stock.
About The European Equity Fund
The European Equity Fund, Inc (NYSE: EEA) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of issuers located in European countries. Listed on the New York Stock Exchange, the Fund offers U.S. and international investors access to a diversified portfolio of publicly traded European companies, spanning a variety of industries and market capitalizations.
The Fund’s investment strategy is built on fundamental, bottom-up research and active portfolio management.