Investment Partners Asset Management Inc. reduced its holdings in The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Free Report) by 9.3% during the 1st quarter, HoldingsChannel reports. The firm owned 28,354 shares of the closed-end fund’s stock after selling 2,900 shares during the quarter. Investment Partners Asset Management Inc.’s holdings in The Central and Eastern Europe Fund were worth $270,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Madison Avenue Partners LP lifted its stake in shares of The Central and Eastern Europe Fund by 29.8% in the fourth quarter. Madison Avenue Partners LP now owns 273,957 shares of the closed-end fund’s stock valued at $2,671,000 after buying an additional 62,927 shares during the period. Bulldog Investors LLP lifted its stake in The Central and Eastern Europe Fund by 728.7% during the fourth quarter. Bulldog Investors LLP now owns 272,227 shares of the closed-end fund’s stock worth $2,654,000 after purchasing an additional 239,378 shares during the period. Finally, Vanguard Capital Wealth Advisors bought a new position in The Central and Eastern Europe Fund during the fourth quarter worth about $135,000. Institutional investors own 34.41% of the company’s stock.
The Central and Eastern Europe Fund Price Performance
CEE remained flat at $10.50 during midday trading on Thursday. 2,459 shares of the company’s stock were exchanged, compared to its average volume of 16,410. The Central and Eastern Europe Fund, Inc. has a 1 year low of $7.98 and a 1 year high of $10.88. The company’s 50 day moving average is $10.11 and its 200-day moving average is $9.82.
About The Central and Eastern Europe Fund
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.
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Want to see what other hedge funds are holding CEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Free Report).
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