The Central and Eastern Europe Fund (NYSE:CEE) Share Price Crosses Above 50 Day Moving Average of $9.63

Shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.63 and traded as high as $9.75. The Central and Eastern Europe Fund shares last traded at $9.73, with a volume of 12,097 shares changing hands.

The Central and Eastern Europe Fund Trading Up 0.4 %

The company’s 50-day simple moving average is $9.63 and its 200 day simple moving average is $9.34.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Capital Wealth Advisors acquired a new position in shares of The Central and Eastern Europe Fund during the fourth quarter worth $135,000. Investment Partners Asset Management Inc. purchased a new position in The Central and Eastern Europe Fund during the 4th quarter worth $305,000. Madison Avenue Partners LP increased its position in The Central and Eastern Europe Fund by 29.8% during the 4th quarter. Madison Avenue Partners LP now owns 273,957 shares of the closed-end fund’s stock valued at $2,671,000 after buying an additional 62,927 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in The Central and Eastern Europe Fund by 79.8% in the first quarter. Nations Financial Group Inc. IA ADV now owns 207,736 shares of the closed-end fund’s stock valued at $1,978,000 after buying an additional 92,220 shares during the last quarter. Finally, Bulldog Investors LLP boosted its holdings in The Central and Eastern Europe Fund by 728.7% in the fourth quarter. Bulldog Investors LLP now owns 272,227 shares of the closed-end fund’s stock worth $2,654,000 after acquiring an additional 239,378 shares in the last quarter. Hedge funds and other institutional investors own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Company Profile

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.