The Central and Eastern Europe Fund (NYSE:CEE) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $18.18 and traded as high as $19.87. The Central and Eastern Europe Fund shares last traded at $19.8050, with a volume of 25,211 shares traded.

The Central and Eastern Europe Fund Stock Performance

The company’s 50 day moving average is $18.18 and its two-hundred day moving average is $16.75.

The Central and Eastern Europe Fund Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, December 30th were given a dividend of $0.3871 per share. The ex-dividend date was Tuesday, December 30th. This is a positive change from The Central and Eastern Europe Fund’s previous annual dividend of $0.35. This represents a dividend yield of 217.0%.

Hedge Funds Weigh In On The Central and Eastern Europe Fund

Several institutional investors have recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC increased its stake in The Central and Eastern Europe Fund by 295.2% in the 4th quarter. Freestone Capital Holdings LLC now owns 177,858 shares of the closed-end fund’s stock worth $3,148,000 after acquiring an additional 132,858 shares during the last quarter. Bulldog Investors LLP raised its stake in The Central and Eastern Europe Fund by 440.9% during the third quarter. Bulldog Investors LLP now owns 72,345 shares of the closed-end fund’s stock valued at $1,111,000 after purchasing an additional 58,971 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in The Central and Eastern Europe Fund during the third quarter valued at $331,000. Stifel Financial Corp lifted its position in The Central and Eastern Europe Fund by 23.0% during the fourth quarter. Stifel Financial Corp now owns 76,840 shares of the closed-end fund’s stock valued at $1,360,000 after purchasing an additional 14,384 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of The Central and Eastern Europe Fund in the 2nd quarter worth $179,000. Hedge funds and other institutional investors own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Company Profile

The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end management investment company that seeks to provide shareholders with long-term growth of capital and a high level of current income. Since its initial public offering in 1994, the fund has focused on equity and equity-related securities of companies operating in Central and Eastern Europe. Shares of CEE are traded on the New York Stock Exchange, offering U.S. investors direct exposure to the economic growth and development of this dynamic region.

CEE’s investment strategy combines a macroeconomic top-down framework with rigorous bottom-up security selection.