The European Equity Fund, Inc. (NYSE:EEA) Stock Holdings Lowered by Shaker Financial Services LLC

Shaker Financial Services LLC cut its position in The European Equity Fund, Inc. (NYSE:EEA) by 20.5% during the 4th quarter, HoldingsChannel reports. The firm owned 301,459 shares of the financial services provider’s stock after selling 77,845 shares during the quarter. Shaker Financial Services LLC’s holdings in The European Equity Fund were worth $2,495,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Wolverine Asset Management LLC grew its stake in shares of The European Equity Fund by 18.2% in the fourth quarter. Wolverine Asset Management LLC now owns 48,512 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 7,459 shares in the last quarter. 51.94% of the stock is owned by institutional investors.

The European Equity Fund Stock Performance

Shares of NYSE EEA opened at $9.06 on Monday. The firm’s 50-day simple moving average is $9.00 and its 200 day simple moving average is $8.75. The European Equity Fund, Inc. has a fifty-two week low of $8.05 and a fifty-two week high of $9.48.

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.