Allspring Global Investments Holdings LLC lessened its holdings in shares of The European Equity Fund, Inc. (NYSE:EEA – Get Rating) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 630,348 shares of the financial services provider's stock after selling 12,300 shares during the period. Allspring Global Investments Holdings LLC owned 8.91% of The European Equity Fund worth $3,914,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Royal Bank of Canada grew its position in shares of The European Equity Fund by 25.0% during the 1st quarter. Royal Bank of Canada now owns 13,904 shares of the financial services provider's stock valued at $127,000 after buying an additional 2,778 shares during the last quarter. City of London Investment Management Co. Ltd. bought a new position in The European Equity Fund in the 1st quarter worth about $129,000. Uncommon Cents Investing LLC grew its position in The European Equity Fund by 6.5% in the 2nd quarter. Uncommon Cents Investing LLC now owns 254,958 shares of the financial services provider's stock worth $1,820,000 after purchasing an additional 15,540 shares during the last quarter. Finally, Shaker Financial Services LLC grew its position in The European Equity Fund by 1.5% in the 2nd quarter. Shaker Financial Services LLC now owns 259,156 shares of the financial services provider's stock worth $1,850,000 after purchasing an additional 3,925 shares during the last quarter. Institutional investors own 50.16% of the company's stock.
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The European Equity Fund Stock Performance
NYSE EEA opened at $8.21 on Wednesday. The European Equity Fund, Inc. has a 52 week low of $6.06 and a 52 week high of $10.75. The company has a 50-day moving average price of $7.81 and a two-hundred day moving average price of $7.30.
The European Equity Fund Dividend Announcement
The company also recently announced a Semi-Annual dividend, which will be paid on Friday, January 27th. Shareholders of record on Friday, December 30th will be given a $0.145 dividend. This represents a yield of 11.24%. The ex-dividend date is Thursday, December 29th.
About The European Equity Fund
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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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