The Central and Eastern Europe Fund (NYSE:CEE) Shares Cross Above 50 Day Moving Average – What’s Next?

The Central and Eastern Europe Fund, Inc. (NYSE:CEEGet Free Report)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.85 and traded as high as $12.03. The Central and Eastern Europe Fund shares last traded at $12.00, with a volume of 17,149 shares.

The Central and Eastern Europe Fund Stock Up 3.0 %

The business’s fifty day moving average price is $11.85 and its two-hundred day moving average price is $11.00.

The Central and Eastern Europe Fund Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be given a dividend of $0.3532 per share. The ex-dividend date is Monday, December 30th. This represents a yield of 3.2%.

Hedge Funds Weigh In On The Central and Eastern Europe Fund

A hedge fund recently raised its stake in The Central and Eastern Europe Fund stock. Nations Financial Group Inc. IA ADV increased its stake in The Central and Eastern Europe Fund, Inc. (NYSE:CEEFree Report) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,016 shares of the closed-end fund’s stock after buying an additional 1,100 shares during the quarter. Nations Financial Group Inc. IA ADV owned about 3.46% of The Central and Eastern Europe Fund worth $2,337,000 as of its most recent SEC filing. 34.41% of the stock is currently owned by institutional investors and hedge funds.

About The Central and Eastern Europe Fund

(Get Free Report)

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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