Wolverine Asset Management LLC Boosts Stake in The European Equity Fund, Inc. (NYSE:EEA)

Wolverine Asset Management LLC lifted its stake in shares of The European Equity Fund, Inc. (NYSE:EEA) by 25.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,053 shares of the financial services provider’s stock after buying an additional 8,320 shares during the period. Wolverine Asset Management LLC owned approximately 0.59% of The European Equity Fund worth $385,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EEA. Allspring Global Investments Holdings LLC grew its stake in The European Equity Fund by 2.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 696,458 shares of the financial services provider’s stock valued at $6,255,000 after purchasing an additional 13,335 shares during the last quarter. Shaker Financial Services LLC lifted its holdings in shares of The European Equity Fund by 1.0% during the third quarter. Shaker Financial Services LLC now owns 379,304 shares of the financial services provider’s stock worth $3,558,000 after purchasing an additional 3,701 shares during the period. Lazard Asset Management LLC boosted its position in The European Equity Fund by 1.6% in the first quarter. Lazard Asset Management LLC now owns 192,009 shares of the financial services provider’s stock valued at $1,710,000 after buying an additional 3,098 shares during the last quarter. Finally, Logan Stone Capital LLC acquired a new position in The European Equity Fund in the 2nd quarter worth approximately $117,000. 51.94% of the stock is owned by hedge funds and other institutional investors.

The European Equity Fund Price Performance

EEA opened at $8.50 on Thursday. The firm has a 50 day moving average of $9.06 and a two-hundred day moving average of $9.06. The European Equity Fund, Inc. has a 12-month low of $7.97 and a 12-month high of $9.47.

The European Equity Fund Company Profile

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.