Shaker Financial Services LLC Increases Position in The European Equity Fund, Inc. (NYSE:EEA)

Shaker Financial Services LLC increased its stake in shares of The European Equity Fund, Inc. (NYSE:EEA) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 379,304 shares of the financial services provider’s stock after buying an additional 3,701 shares during the period. The European Equity Fund comprises 1.3% of Shaker Financial Services LLC’s portfolio, making the stock its 24th largest holding. Shaker Financial Services LLC owned 0.05% of The European Equity Fund worth $3,558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EEA. Logan Stone Capital LLC acquired a new position in shares of The European Equity Fund during the 2nd quarter worth $117,000. Wolverine Asset Management LLC increased its holdings in The European Equity Fund by 55.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 32,733 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 11,723 shares in the last quarter. Lazard Asset Management LLC raised its position in The European Equity Fund by 1.6% during the first quarter. Lazard Asset Management LLC now owns 192,009 shares of the financial services provider’s stock worth $1,710,000 after acquiring an additional 3,098 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in The European Equity Fund by 2.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 696,458 shares of the financial services provider’s stock worth $6,255,000 after acquiring an additional 13,335 shares during the last quarter. 51.94% of the stock is currently owned by institutional investors and hedge funds.

The European Equity Fund Trading Down 2.4 %

EEA stock opened at $8.69 on Thursday. The European Equity Fund, Inc. has a 12 month low of $7.75 and a 12 month high of $9.47. The company’s 50 day simple moving average is $9.11 and its 200-day simple moving average is $9.06.

About The European Equity Fund

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.