The European Equity Fund (NYSE:EEA) Stock Price Down 0.5% – Should You Sell?

The European Equity Fund, Inc. (NYSE:EEA)’s stock price traded down 0.5% during mid-day trading on Thursday . The stock traded as low as $8.22 and last traded at $8.25. 9,128 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 22,866 shares. The stock had previously closed at $8.29.

The European Equity Fund Trading Down 0.6 %

The firm’s 50-day simple moving average is $8.49 and its two-hundred day simple moving average is $8.88.

The European Equity Fund Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be given a $0.141 dividend. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from The European Equity Fund’s previous semi-annual dividend of $0.04. This represents a dividend yield of 2.1%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Logan Stone Capital LLC acquired a new stake in The European Equity Fund during the second quarter worth approximately $117,000. Wolverine Asset Management LLC boosted its holdings in shares of The European Equity Fund by 25.4% during the third quarter. Wolverine Asset Management LLC now owns 41,053 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 8,320 shares during the last quarter. Finally, Shaker Financial Services LLC boosted 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 last quarter. 51.94% of the stock is owned by hedge funds and other institutional investors.

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.