Central and Eastern Europe Fund Inc (NYSE:CEE) Director Wolfgang Helmut Leoni bought 410 shares of the stock in a transaction on Tuesday, July 16th. The shares were acquired at an average cost of $27.51 per share, for a total transaction of $11,279.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NYSE:CEE opened at $27.51 on Thursday. The company has a 50-day simple moving average of $26.61. Central and Eastern Europe Fund Inc has a 52-week low of $21.46 and a 52-week high of $27.65.
An institutional investor recently raised its position in Central and Eastern Europe Fund stock. City of London Investment Management Co. Ltd. grew its holdings in Central and Eastern Europe Fund Inc (NYSE:CEE) by 8.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,499,683 shares of the closed-end fund’s stock after purchasing an additional 118,005 shares during the quarter. Central and Eastern Europe Fund comprises 2.5% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 15th biggest holding. City of London Investment Management Co. Ltd. owned approximately 21.84% of Central and Eastern Europe Fund worth $36,240,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 45.73% of the company’s stock.
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.
Further Reading: Neutral Rating
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