Rangeley Capital LLC Acquires New Holdings in The Central and Eastern Europe Fund, Inc. (NYSE:CEE)

Rangeley Capital LLC bought a new stake in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 111,000 shares of the closed-end fund’s stock, valued at approximately $1,212,000. The Central and Eastern Europe Fund comprises 1.1% of Rangeley Capital LLC’s investment portfolio, making the stock its 27th largest position. Rangeley Capital LLC owned approximately 1.76% of The Central and Eastern Europe Fund at the end of the most recent quarter.

Separately, Uncommon Cents Investing LLC boosted its position in shares of The Central and Eastern Europe Fund by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 81,335 shares of the closed-end fund’s stock valued at $888,000 after purchasing an additional 1,700 shares during the period. 34.41% of the stock is currently owned by hedge funds and other institutional investors.

The Central and Eastern Europe Fund Stock Performance

CEE stock opened at $14.28 on Thursday. The Central and Eastern Europe Fund, Inc. has a 52-week low of $9.37 and a 52-week high of $16.71. The company’s 50 day simple moving average is $14.33 and its 200-day simple moving average is $12.37.

The Central and Eastern Europe Fund 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.