The Central and Eastern Europe Fund (NYSE:CEE) Stock Passes Below 200 Day Moving Average – Here’s What Happened

The Central and Eastern Europe Fund, Inc. (NYSE:CEE)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.33 and traded as low as $10.32. The Central and Eastern Europe Fund shares last traded at $10.32, with a volume of 13,258 shares trading hands.

The Central and Eastern Europe Fund Stock Performance

The firm has a 50 day simple moving average of $10.43 and a 200-day simple moving average of $10.33.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

An institutional investor recently raised its position in The Central and Eastern Europe Fund stock. Nations Financial Group Inc. IA ADV raised its position in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,916 shares of the closed-end fund’s stock after buying an additional 9,180 shares during the period. Nations Financial Group Inc. IA ADV owned about 3.44% of The Central and Eastern Europe Fund worth $2,312,000 as of its most recent filing with the Securities and Exchange Commission. 34.41% of the stock is currently owned by hedge funds and other institutional investors.

About The Central and Eastern Europe Fund

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.