Uncommon Cents Investing LLC Has $2.72 Million Holdings in The European Equity Fund, Inc. (NYSE:EEA)

Uncommon Cents Investing LLC grew its position in The European Equity Fund, Inc. (NYSE:EEA) by 1.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 305,063 shares of the financial services provider’s stock after acquiring an additional 4,750 shares during the quarter. Uncommon Cents Investing LLC’s holdings in The European Equity Fund were worth $2,718,000 as of its most recent SEC filing.

Separately, Wolverine Asset Management LLC increased its holdings in shares of The European Equity Fund by 8.5% during the 4th quarter. Wolverine Asset Management LLC now owns 16,789 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 1,315 shares during the last quarter. Hedge funds and other institutional investors own 51.94% of the company’s stock.

The European Equity Fund Stock Performance

Shares of NYSE EEA traded up $0.08 during mid-day trading on Thursday, reaching $9.08. 849 shares of the company traded hands, compared to its average volume of 7,001. The company’s fifty day moving average is $9.05 and its two-hundred day moving average is $8.80. The European Equity Fund, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $9.40.

The European Equity Fund Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, June 4th. Stockholders of record on Friday, May 24th were issued a dividend of $0.0376 per share. This represents a dividend yield of 1.9%. The ex-dividend date was Thursday, May 23rd.

The 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.