Shaker Financial Services LLC lowered its position in European Equity Fund, Inc. (NYSE:EEA) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,926 shares of the financial services provider’s stock after selling 26,549 shares during the quarter. Shaker Financial Services LLC’s holdings in European Equity Fund were worth $1,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, Old Port Advisors bought a new stake in European Equity Fund in the fourth quarter valued at approximately $96,000. 39.84% of the stock is currently owned by institutional investors.
EEA stock traded down $0.03 during midday trading on Friday, hitting $8.21. The company had a trading volume of 8,653 shares, compared to its average volume of 8,444. European Equity Fund, Inc. has a 52 week low of $7.45 and a 52 week high of $10.30.
The firm also recently announced a semiannual dividend, which was paid on Wednesday, January 30th. Investors of record on Monday, December 31st were issued a dividend of $0.0432 per share. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, December 28th. This is an increase from European Equity Fund’s previous semiannual dividend of $0.03.
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European Equity Fund Company 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.
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