City of London Investment Management Co. Ltd. raised its position in shares of European Equity Fund Inc (NYSE:EEA) by 147.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,213 shares of the financial services provider’s stock after buying an additional 41,817 shares during the quarter. City of London Investment Management Co. Ltd. owned about 0.87% of European Equity Fund worth $678,000 at the end of the most recent reporting period.
Separately, Sii Investments Inc. WI increased its holdings in shares of European Equity Fund by 15.9% during the second quarter. Sii Investments Inc. WI now owns 242,676 shares of the financial services provider’s stock valued at $2,210,000 after acquiring an additional 33,258 shares in the last quarter. Hedge funds and other institutional investors own 39.78% of the company’s stock.
European Equity Fund Inc (EEA) traded up $0.02 on Wednesday, hitting $9.85. 7,430 shares of the stock traded hands, compared to its average volume of 12,355. European Equity Fund Inc has a 12-month low of $7.45 and a 12-month high of $10.00.
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European Equity Fund Profile
The European Equity Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s objective is to seek long-term capital appreciation primarily through investment in European equities. It primarily focuses its investments in equity securities of issuers domiciled in countries that are members of the European Union, thereby increasing its vulnerability to developments in that region.
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