1607 Capital Partners LLC Sells 93,836 Shares of The European Equity Fund, Inc. $EEA

1607 Capital Partners LLC lessened its holdings in shares of The European Equity Fund, Inc. (NYSE:EEA) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,596,095 shares of the financial services provider’s stock after selling 93,836 shares during the quarter. The European Equity Fund makes up approximately 1.1% of 1607 Capital Partners LLC’s portfolio, making the stock its 15th largest holding. 1607 Capital Partners LLC owned 0.24% of The European Equity Fund worth $16,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new position in The European Equity Fund during the fourth quarter valued at approximately $76,000. Spirepoint Private Client LLC bought a new position in The European Equity Fund during the fourth quarter valued at approximately $117,000. Citadel Advisors LLC bought a new position in The European Equity Fund during the third quarter valued at approximately $158,000. Blue Bell Private Wealth Management LLC raised its position in The European Equity Fund by 18.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 27,146 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 4,232 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its holdings in The European Equity Fund by 12.7% in 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 last quarter. Institutional investors own 51.94% of the company’s stock.

The European Equity Fund Stock Performance

EEA opened at $10.74 on Thursday. The business has a 50 day moving average price of $10.60 and a 200 day moving average price of $10.61. The European Equity Fund, Inc. has a twelve month low of $9.62 and a twelve month high of $11.43.

The European Equity Fund Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 29th. Investors of record on Tuesday, May 26th will be issued a $0.2199 dividend. This is an increase from The European Equity Fund’s previous dividend of $0.17. The ex-dividend date is Tuesday, May 26th. This represents a yield of 414.0%.

About The European Equity Fund

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.