Central and Eastern Europe Fund (NYSE:CEE) Shares Cross Above Fifty Day Moving Average of $26.05

Central and Eastern Europe Fund Inc (NYSE:CEE) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $26.05 and traded as high as $25.10. Central and Eastern Europe Fund shares last traded at $24.86, with a volume of 2,540 shares changing hands.

The stock’s 50-day moving average price is $26.00 and its 200 day moving average price is $25.39.

A hedge fund recently raised its stake in Central and Eastern Europe Fund stock. City of London Investment Management Co. Ltd. boosted its stake in shares of Central and Eastern Europe Fund Inc (NYSE:CEE) by 8.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,499,683 shares of the closed-end fund’s stock after buying an additional 118,005 shares during the quarter. Central and Eastern Europe Fund accounts for about 2.5% of City of London Investment Management Co. Ltd.’s holdings, making the stock its 15th biggest holding. City of London Investment Management Co. Ltd. owned approximately 21.84% of Central and Eastern Europe Fund worth $36,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 45.45% of the company’s stock.

Central and Eastern Europe Fund Company Profile (NYSE:CEE)

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.

Recommended Story: What is an overbought condition?

Receive News & Ratings for Central and Eastern Europe Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central and Eastern Europe Fund and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit