European Equity Fund (EEA) Sets New 52-Week Low at $8.14

European Equity Fund, Inc. (NYSE:EEA)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.14 and last traded at $8.18, with a volume of 8002 shares trading hands. The stock had previously closed at $8.40.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EEA. Shaker Financial Services LLC boosted its stake in European Equity Fund by 8.6% in the third quarter. Shaker Financial Services LLC now owns 255,475 shares of the financial services provider’s stock valued at $2,399,000 after acquiring an additional 20,164 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in European Equity Fund by 193.0% in the second quarter. Wolverine Asset Management LLC now owns 29,991 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 19,755 shares in the last quarter. Old Port Advisors acquired a new position in European Equity Fund in the second quarter valued at $117,000. Wells Fargo & Company MN boosted its stake in European Equity Fund by 2.0% in the third quarter. Wells Fargo & Company MN now owns 501,862 shares of the financial services provider’s stock valued at $4,712,000 after acquiring an additional 9,909 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. boosted its stake in European Equity Fund by 4.8% in the second quarter. City of London Investment Management Co. Ltd. now owns 178,390 shares of the financial services provider’s stock valued at $1,663,000 after acquiring an additional 8,167 shares in the last quarter. Institutional investors own 39.90% of the company’s stock.

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About European Equity Fund (NYSE:EEA)

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