Allspring Global Investments Holdings LLC lowered its stake in The European Equity Fund, Inc. (NYSE:EEA – Free Report) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 667,820 shares of the financial services provider’s stock after selling 28,781 shares during the period. Allspring Global Investments Holdings LLC owned about 0.10% of The European Equity Fund worth $5,437,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Shaker Financial Services LLC increased its stake in shares of The European Equity Fund by 1.0% in the third quarter. Shaker Financial Services LLC now owns 379,304 shares of the financial services provider’s stock worth $3,558,000 after buying an additional 3,701 shares during the period. Wolverine Asset Management LLC grew its holdings in The European Equity Fund by 25.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 41,053 shares of the financial services provider’s stock worth $385,000 after acquiring an additional 8,320 shares during the last quarter. Finally, Matisse Capital increased its position in shares of The European Equity Fund by 30.9% in the fourth quarter. Matisse Capital now owns 80,898 shares of the financial services provider’s stock valued at $659,000 after acquiring an additional 19,089 shares during the period. Hedge funds and other institutional investors own 51.94% of the company’s stock.
The European Equity Fund Stock Down 0.9 %
Shares of NYSE:EEA opened at $9.03 on Thursday. The company has a 50-day moving average price of $8.52 and a 200-day moving average price of $8.79. The European Equity Fund, Inc. has a 12 month low of $8.05 and a 12 month high of $9.47.
The European Equity Fund Increases Dividend
The firm also recently declared a semi-annual dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, December 30th were given a dividend of $0.141 per share. This is a positive change from The European Equity Fund’s previous semi-annual dividend of $0.04. The ex-dividend date was Monday, December 30th. This represents a yield of 2.1%.
The European Equity Fund Profile
The European Equity 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 of Europe. The fund seeks to invest in the stocks of companies operating across diversified sectors.
Further Reading
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