European Equity Fund (NYSE:EEA) Shares Up 1.6%

European Equity Fund, Inc. (NYSE:EEA) shares shot up 1.6% on Monday . The company traded as high as $8.57 and last traded at $8.54, 6,028 shares traded hands during trading. A decline of 5% from the average session volume of 6,330 shares. The stock had previously closed at $8.41.

The stock has a fifty day moving average price of $8.69 and a two-hundred day moving average price of $8.63.

Several hedge funds and other institutional investors have recently bought and sold shares of EEA. Colony Group LLC acquired a new position in European Equity Fund in the second quarter worth approximately $106,000. Susquehanna International Group LLP grew its position in European Equity Fund by 30.3% in the second quarter. Susquehanna International Group LLP now owns 43,089 shares of the financial services provider’s stock worth $380,000 after buying an additional 10,010 shares during the last quarter. Morgan Stanley grew its position in European Equity Fund by 54.8% in the second quarter. Morgan Stanley now owns 76,363 shares of the financial services provider’s stock worth $675,000 after buying an additional 27,031 shares during the last quarter. Uncommon Cents Investing LLC grew its position in European Equity Fund by 1.1% in the first quarter. Uncommon Cents Investing LLC now owns 226,926 shares of the financial services provider’s stock worth $1,976,000 after buying an additional 2,500 shares during the last quarter. Finally, Shaker Financial Services LLC grew its position in European Equity Fund by 40.1% in the first quarter. Shaker Financial Services LLC now owns 320,697 shares of the financial services provider’s stock worth $2,792,000 after buying an additional 91,771 shares during the last quarter. Institutional investors and hedge funds own 46.24% of the company’s stock.

About European Equity Fund (NYSE:EEA)

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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