The Central and Eastern Europe Fund (NYSE:CEE) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.30 and traded as low as $10.15. The Central and Eastern Europe Fund shares last traded at $10.21, with a volume of 7,749 shares.

The Central and Eastern Europe Fund Stock Down 0.8 %

The stock has a fifty day simple moving average of $10.41 and a two-hundred day simple moving average of $10.31.

Institutional Trading of 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 boosted its stake in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 216,916 shares of the closed-end fund’s stock after purchasing an additional 9,180 shares during the quarter. Nations Financial Group Inc. IA ADV owned about 3.44% of The Central and Eastern Europe Fund worth $2,312,000 as of its most recent SEC filing. Institutional investors own 34.41% of the company’s stock.

About The Central and Eastern Europe Fund

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.