The Central and Eastern Europe Fund (NYSE:CEE) Share Price Passes Above 50 Day Moving Average – What’s Next?

Shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.65 and traded as high as $15.22. The Central and Eastern Europe Fund shares last traded at $15.16, with a volume of 126,556 shares traded.

The Central and Eastern Europe Fund Stock Performance

The firm has a 50 day moving average of $12.65 and a two-hundred day moving average of $11.56.

The Central and Eastern Europe Fund Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Friday, January 31st. Investors of record on Monday, December 30th were paid a dividend of $0.3532 per share. This represents a yield of 3.2%. The ex-dividend date was Monday, December 30th.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

Institutional investors have recently added to or reduced their stakes in the business. Uncommon Cents Investing LLC lifted its stake in The Central and Eastern Europe Fund by 2.1% during the fourth quarter. Uncommon Cents Investing LLC now owns 81,335 shares of the closed-end fund’s stock worth $888,000 after purchasing an additional 1,700 shares during the last quarter. Stifel Financial Corp lifted its stake in The Central and Eastern Europe Fund by 2.8% during the fourth quarter. Stifel Financial Corp now owns 95,579 shares of the closed-end fund’s stock worth $1,044,000 after purchasing an additional 2,616 shares during the last quarter. Rangeley Capital LLC acquired a new position in The Central and Eastern Europe Fund during the fourth quarter worth approximately $1,212,000. Truffle Hound Capital LLC acquired a new position in The Central and Eastern Europe Fund during the fourth quarter worth approximately $1,638,000. Finally, Almitas Capital LLC increased its position in The Central and Eastern Europe Fund by 1.1% during the fourth quarter. Almitas Capital LLC now owns 180,190 shares of the closed-end fund’s stock worth $1,968,000 after buying an additional 1,983 shares during the period. Hedge funds and other institutional investors own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Company Profile

The Central and Eastern Europe 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 across Central and Eastern Europe. The fund seeks to invest in stocks of companies operating across diversified sectors.