Central and Eastern Europe Fund (NYSE:CEE) Share Price Crosses Below 50-Day Moving Average of $27.98

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Shares of Central and Eastern Europe Fund Inc (NYSE:CEE) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $27.98 and traded as low as $27.42. Central and Eastern Europe Fund shares last traded at $27.49, with a volume of 545 shares traded.

The business has a fifty day simple moving average of $27.96 and a two-hundred day simple moving average of $26.97.

The business also recently declared an annual dividend, which was paid on Thursday, January 30th. Investors of record on Monday, December 30th were paid a $1.4628 dividend. The ex-dividend date was Friday, December 27th. This represents a dividend yield of 3.5%. This is an increase from Central and Eastern Europe Fund’s previous annual dividend of $1.01.

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in shares of Central and Eastern Europe Fund by 57.3% in the 4th quarter. Bank of America Corp DE now owns 3,559 shares of the closed-end fund’s stock worth $101,000 after buying an additional 1,297 shares during the last quarter. Legato Capital Management LLC purchased a new stake in shares of Central and Eastern Europe Fund in the 4th quarter worth approximately $771,000. Finally, Cornerstone Advisors LLC purchased a new stake in shares of Central and Eastern Europe Fund in the 4th quarter worth approximately $3,114,000. Institutional investors own 44.45% of the company’s stock.

About Central and Eastern Europe Fund (NYSE:CEE)

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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