The Central and Eastern Europe Fund (NYSE:CEE) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

The Central and Eastern Europe Fund, Inc. (NYSE:CEE)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $18.66 and traded as high as $19.12. The Central and Eastern Europe Fund shares last traded at $18.7960, with a volume of 18,675 shares trading hands.

The Central and Eastern Europe Fund Trading Up 3.2%

The firm has a fifty day simple moving average of $18.66 and a 200-day simple moving average of $17.26.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

A number of institutional investors have recently made changes to their positions in CEE. Freestone Capital Holdings LLC boosted its position in The Central and Eastern Europe Fund by 295.2% during the 4th quarter. Freestone Capital Holdings LLC now owns 177,858 shares of the closed-end fund’s stock valued at $3,148,000 after purchasing an additional 132,858 shares during the period. Bulldog Investors LLP lifted its holdings in shares of The Central and Eastern Europe Fund by 440.9% in the third quarter. Bulldog Investors LLP now owns 72,345 shares of the closed-end fund’s stock valued at $1,111,000 after buying an additional 58,971 shares during the period. Weiss Asset Management LP acquired a new stake in shares of The Central and Eastern Europe Fund in the fourth quarter valued at $963,000. Susquehanna International Group LLP acquired a new stake in shares of The Central and Eastern Europe Fund in the third quarter valued at $331,000. Finally, Stifel Financial Corp raised its position in shares of The Central and Eastern Europe Fund by 23.0% during the fourth quarter. Stifel Financial Corp now owns 76,840 shares of the closed-end fund’s stock worth $1,360,000 after purchasing an additional 14,384 shares during the period. 34.41% of the stock is currently owned by institutional investors.

The Central and Eastern Europe Fund Company Profile

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.