The Central and Eastern Europe Fund (NYSE:CEE) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $16.79 and traded as high as $18.07. The Central and Eastern Europe Fund shares last traded at $17.69, with a volume of 21,566 shares trading hands.

The Central and Eastern Europe Fund Stock Down 1.6%

The business has a fifty day moving average of $16.79 and a 200 day moving average of $16.19.

The Central and Eastern Europe Fund Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, December 30th will be given a $0.3871 dividend. The ex-dividend date is Tuesday, December 30th. This represents a dividend yield of 217.0%. This is a positive change from The Central and Eastern Europe Fund’s previous annual dividend of $0.35.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

Several large investors have recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC boosted its position in shares of The Central and Eastern Europe Fund by 43.6% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 19,425 shares of the closed-end fund’s stock worth $301,000 after purchasing an additional 5,900 shares in the last quarter. XTX Topco Ltd acquired a new stake in The Central and Eastern Europe Fund during the 2nd quarter worth $179,000. Raymond James Financial Inc. raised its stake in The Central and Eastern Europe Fund by 8.4% during the 2nd quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock worth $259,000 after buying an additional 1,291 shares during the period. Silver Point Capital L.P. lifted its holdings in The Central and Eastern Europe Fund by 9.6% during the second quarter. Silver Point Capital L.P. now owns 55,900 shares of the closed-end fund’s stock worth $868,000 after acquiring an additional 4,900 shares in the last quarter. Finally, Osaic Holdings Inc. acquired a new position in The Central and Eastern Europe Fund in the second quarter valued at about $128,000. Institutional investors own 34.41% of the company’s stock.

About The Central and Eastern Europe Fund

The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end management investment company that seeks to provide shareholders with long-term growth of capital and a high level of current income. Since its initial public offering in 1994, the fund has focused on equity and equity-related securities of companies operating in Central and Eastern Europe. Shares of CEE are traded on the New York Stock Exchange, offering U.S. investors direct exposure to the economic growth and development of this dynamic region.

CEE’s investment strategy combines a macroeconomic top-down framework with rigorous bottom-up security selection.