The Central and Eastern Europe Fund (NYSE:CEE) Stock Passes Above Fifty Day Moving Average – Time to Sell?

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $18.18 and traded as high as $19.87. The Central and Eastern Europe Fund shares last traded at $19.8050, with a volume of 25,211 shares traded.

The Central and Eastern Europe Fund Stock Performance

The stock has a 50-day moving average price of $18.18 and a two-hundred day moving average price of $16.75.

The Central and Eastern Europe Fund Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, December 30th were paid a $0.3871 dividend. This represents a dividend yield of 217.0%. This is a boost from The Central and Eastern Europe Fund’s previous annual dividend of $0.35. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. raised its holdings in The Central and Eastern Europe Fund by 8.4% during the second quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock valued at $259,000 after acquiring an additional 1,291 shares during the period. Investors Research Corp bought a new stake in The Central and Eastern Europe Fund during the 4th quarter valued at approximately $69,000. Silver Point Capital L.P. lifted its holdings in The Central and Eastern Europe Fund by 9.6% in the 2nd quarter. Silver Point Capital L.P. now owns 55,900 shares of the closed-end fund’s stock worth $868,000 after purchasing an additional 4,900 shares in the last quarter. Osaic Holdings Inc. bought a new position in The Central and Eastern Europe Fund in the 2nd quarter worth approximately $128,000. Finally, XTX Topco Ltd bought a new position in The Central and Eastern Europe Fund in the 2nd quarter worth approximately $179,000. 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.