The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.63 and traded as high as $9.75. The Central and Eastern Europe Fund shares last traded at $9.73, with a volume of 12,097 shares trading hands.
The Central and Eastern Europe Fund Stock Performance
The business has a fifty day moving average of $9.63 and a 200 day moving average of $9.32.
Hedge Funds Weigh In On The Central and Eastern Europe Fund
Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Capital Wealth Advisors bought a new position in The Central and Eastern Europe Fund in the fourth quarter worth $135,000. Investment Partners Asset Management Inc. bought a new position in The Central and Eastern Europe Fund in the fourth quarter worth $305,000. Bulldog Investors LLP raised its holdings in The Central and Eastern Europe Fund by 728.7% in the fourth quarter. Bulldog Investors LLP now owns 272,227 shares of the closed-end fund’s stock worth $2,654,000 after purchasing an additional 239,378 shares in the last quarter. Finally, Madison Avenue Partners LP raised its holdings in The Central and Eastern Europe Fund by 29.8% in the fourth quarter. Madison Avenue Partners LP now owns 273,957 shares of the closed-end fund’s stock worth $2,671,000 after purchasing an additional 62,927 shares in the last quarter. Institutional investors own 34.41% of the company’s stock.
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.
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