European Equity Fund, Inc. (NYSE:EEA) Director Christian Zugel acquired 1,100 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were acquired at an average price of $9.21 per share, with a total value of $10,131.00.

NYSE EEA remained flat at $$9.27 on Friday. 2,408 shares of the company’s stock traded hands, compared to its average volume of 7,299. European Equity Fund, Inc. has a twelve month low of $7.45 and a twelve month high of $9.27. The stock’s fifty day moving average price is $9.00 and its 200-day moving average price is $8.75.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Shaker Financial Services LLC lifted its stake in European Equity Fund by 7.3% during the 2nd quarter. Shaker Financial Services LLC now owns 344,182 shares of the financial services provider’s stock valued at $3,039,000 after acquiring an additional 23,485 shares during the period. North Star Investment Management Corp. acquired a new stake in European Equity Fund during the 3rd quarter valued at approximately $26,000. Colony Group LLC acquired a new stake in European Equity Fund during the 2nd quarter valued at approximately $106,000. Wells Fargo & Company MN lifted its stake in European Equity Fund by 5.0% during the 2nd quarter. Wells Fargo & Company MN now owns 592,710 shares of the financial services provider’s stock valued at $5,234,000 after acquiring an additional 28,374 shares during the period. Finally, Susquehanna International Group LLP lifted its stake in European Equity Fund by 30.3% during the 2nd quarter. Susquehanna International Group LLP now owns 43,089 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 10,010 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

European Equity Fund Company 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: Intrinsic Value

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