Allspring Global Investments Holdings LLC Has $8.62 Million Stake in The European Equity Fund, Inc. $EEA

Allspring Global Investments Holdings LLC lifted its holdings in shares of The European Equity Fund, Inc. (NYSE:EEA) by 14.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 795,122 shares of the financial services provider’s stock after purchasing an additional 100,500 shares during the quarter. Allspring Global Investments Holdings LLC owned 11.87% of The European Equity Fund worth $8,619,000 at the end of the most recent quarter.

Separately, Shaker Financial Services LLC increased its stake in The European Equity Fund by 13.9% during the 2nd quarter. Shaker Financial Services LLC now owns 447,331 shares of the financial services provider’s stock worth $4,576,000 after purchasing an additional 54,759 shares in the last quarter. Institutional investors and hedge funds own 51.94% of the company’s stock.

The European Equity Fund Stock Up 0.3%

Shares of EEA opened at $10.53 on Wednesday. The European Equity Fund, Inc. has a twelve month low of $8.05 and a twelve month high of $11.43. The firm’s 50 day moving average price is $10.67 and its two-hundred day moving average price is $10.58.

The European Equity Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, December 30th will be issued a dividend of $0.165 per share. This represents a dividend yield of 1,462.0%. The ex-dividend date is Tuesday, December 30th.

About The European Equity Fund

The European Equity Fund, Inc (NYSE: EEA) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of issuers located in European countries. Listed on the New York Stock Exchange, the Fund offers U.S. and international investors access to a diversified portfolio of publicly traded European companies, spanning a variety of industries and market capitalizations.

The Fund’s investment strategy is built on fundamental, bottom-up research and active portfolio management.