Matisse Capital Grows Stock Position in The European Equity Fund, Inc. (NYSE:EEA)

Matisse Capital raised its stake in shares of The European Equity Fund, Inc. (NYSE:EEA) by 30.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 80,898 shares of the financial services provider’s stock after buying an additional 19,089 shares during the period. Matisse Capital owned about 1.17% of The European Equity Fund worth $659,000 at the end of the most recent quarter.

Separately, Wolverine Asset Management LLC increased its stake in shares of The European Equity Fund by 25.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 41,053 shares of the financial services provider’s stock valued at $385,000 after purchasing an additional 8,320 shares in the last quarter. 51.94% of the stock is currently owned by institutional investors.

The European Equity Fund Trading Down 0.6 %

EEA stock opened at $8.65 on Tuesday. The European Equity Fund, Inc. has a 12-month low of $8.05 and a 12-month high of $9.47. The business’s 50-day moving average is $8.46 and its 200 day moving average is $8.81.

The European Equity Fund Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, January 31st. Investors of record on Monday, December 30th were issued a $0.141 dividend. The ex-dividend date was Monday, December 30th. This is a boost from The European Equity Fund’s previous semi-annual dividend of $0.04. This represents a yield of 2.1%.

The European Equity Fund 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.