Raymond James & Associates lowered its stake in The European Equity Fund, Inc. (NYSE:EEA) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 402,542 shares of the financial services provider’s stock after selling 22,656 shares during the period. Raymond James & Associates owned about 5.33% of The European Equity Fund worth $3,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, Morgan Stanley raised its position in The European Equity Fund by 43.7% in the 1st quarter. Morgan Stanley now owns 181,649 shares of the financial services provider’s stock valued at $1,284,000 after purchasing an additional 55,265 shares in the last quarter. 46.34% of the stock is owned by hedge funds and other institutional investors.
EEA stock opened at $10.00 on Friday. The business’s 50-day moving average is $9.28 and its two-hundred day moving average is $8.87. The European Equity Fund, Inc. has a 1 year low of $5.72 and a 1 year high of $10.01.
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.
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