Stifel Financial Corp Sells 3,390 Shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE)

Stifel Financial Corp decreased its position in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,963 shares of the closed-end fund’s stock after selling 3,390 shares during the period. Stifel Financial Corp’s holdings in The Central and Eastern Europe Fund were worth $997,000 at the end of the most recent quarter.

Separately, Nations Financial Group Inc. IA ADV grew its position in shares of The Central and Eastern Europe Fund by 4.4% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 216,916 shares of the closed-end fund’s stock worth $2,312,000 after buying an additional 9,180 shares during the period. Institutional investors and hedge funds own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Price Performance

CEE opened at $11.43 on Tuesday. The firm has a 50 day simple moving average of $11.54 and a 200 day simple moving average of $10.88. The Central and Eastern Europe Fund, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $13.36.

The Central and Eastern Europe Fund Cuts Dividend

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

The Central and Eastern Europe Fund Company Profile

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.