The European Equity Fund, Inc. $EEA Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in shares of The European Equity Fund, Inc. (NYSE:EEA) by 12.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 698,796 shares of the financial services provider’s stock after selling 98,274 shares during the period. Allspring Global Investments Holdings LLC owned 0.10% of The European Equity Fund worth $6,911,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wolverine Asset Management LLC bought a new position in The European Equity Fund in the fourth quarter worth about $76,000. Spirepoint Private Client LLC bought a new position in shares of The European Equity Fund during the fourth quarter valued at approximately $117,000. Citadel Advisors LLC bought a new position in shares of The European Equity Fund during the third quarter valued at approximately $158,000. Blue Bell Private Wealth Management LLC raised its position in shares of The European Equity Fund by 18.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 27,146 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 4,232 shares during the period. Finally, Shaker Financial Services LLC raised its position in shares of The European Equity Fund by 12.7% during the 4th quarter. Shaker Financial Services LLC now owns 502,117 shares of the financial services provider’s stock worth $5,557,000 after purchasing an additional 56,564 shares during the period. Institutional investors and hedge funds own 51.94% of the company’s stock.

The European Equity Fund Price Performance

Shares of NYSE EEA opened at $10.72 on Friday. The European Equity Fund, Inc. has a 12-month low of $9.62 and a 12-month high of $11.43. The stock’s 50 day simple moving average is $10.78 and its 200 day simple moving average is $10.64.

The European Equity Fund Increases Dividend

The business also recently announced a dividend, which was paid on Monday, June 29th. Shareholders of record on Tuesday, May 26th were given a $0.2199 dividend. This is a boost from The European Equity Fund’s previous dividend of $0.17. This represents a yield of 414.0%. The ex-dividend date of this dividend was Tuesday, May 26th.

The European Equity Fund Profile

The European Equity Fund, Inc (NYSE: EEA) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of issuers located in European countries. Listed on the New York Stock Exchange, the Fund offers U.S. and international investors access to a diversified portfolio of publicly traded European companies, spanning a variety of industries and market capitalizations.

The Fund’s investment strategy is built on fundamental, bottom-up research and active portfolio management.