The Central and Eastern Europe Fund (NYSE:CEE) Share Price Passes Above 50 Day Moving Average – What’s Next?

The Central and Eastern Europe Fund, Inc. (NYSE:CEE)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.65 and traded as high as $15.22. The Central and Eastern Europe Fund shares last traded at $15.16, with a volume of 126,556 shares changing hands.

The Central and Eastern Europe Fund Trading Up 7.9 %

The business has a fifty day moving average of $12.65 and a 200 day moving average of $11.56.

The Central and Eastern Europe Fund Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, December 30th were paid a $0.3532 dividend. This represents a dividend yield of 3.2%. The ex-dividend date was Monday, December 30th.

Hedge Funds Weigh In On The Central and Eastern Europe Fund

Several hedge funds and other institutional investors have recently made changes to their positions in CEE. Nations Financial Group Inc. IA ADV boosted its stake in shares of The Central and Eastern Europe Fund by 0.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 218,016 shares of the closed-end fund’s stock valued at $2,337,000 after buying an additional 1,100 shares during the period. Uncommon Cents Investing LLC boosted its stake in shares of The Central and Eastern Europe Fund by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 81,335 shares of the closed-end fund’s stock valued at $888,000 after buying an additional 1,700 shares during the period. Truffle Hound Capital LLC purchased a new position in shares of The Central and Eastern Europe Fund in the 4th quarter valued at about $1,638,000. Rangeley Capital LLC purchased a new position in shares of The Central and Eastern Europe Fund in the 4th quarter valued at about $1,212,000. Finally, Stifel Financial Corp boosted its stake in shares of The Central and Eastern Europe Fund by 2.8% in the 4th quarter. Stifel Financial Corp now owns 95,579 shares of the closed-end fund’s stock valued at $1,044,000 after buying an additional 2,616 shares during the period. Hedge funds and other institutional investors own 34.41% of the company’s stock.

About The Central and Eastern Europe Fund

The Central and Eastern Europe 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 across Central and Eastern Europe. The fund seeks to invest in stocks of companies operating across diversified sectors.