European Equity Fund (EEA) Reaches New 1-Year Low at $8.14

Shares of European Equity Fund, Inc. (NYSE:EEA) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.14 and last traded at $8.18, with a volume of 8002 shares changing hands. The stock had previously closed at $8.40.

Several hedge funds have recently modified their holdings of the stock. City of London Investment Management Co. Ltd. grew its stake in shares of European Equity Fund by 4.8% during the second quarter. City of London Investment Management Co. Ltd. now owns 178,390 shares of the financial services provider’s stock worth $1,663,000 after purchasing an additional 8,167 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of European Equity Fund by 2.0% during the third quarter. Wells Fargo & Company MN now owns 501,862 shares of the financial services provider’s stock worth $4,712,000 after purchasing an additional 9,909 shares in the last quarter. Old Port Advisors acquired a new position in shares of European Equity Fund during the second quarter worth $117,000. Shaker Financial Services LLC grew its stake in shares of European Equity Fund by 6.2% during the second quarter. Shaker Financial Services LLC now owns 235,311 shares of the financial services provider’s stock worth $2,210,000 after purchasing an additional 13,712 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of European Equity Fund by 193.0% during the second quarter. Wolverine Asset Management LLC now owns 29,991 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 19,755 shares in the last quarter. Hedge funds and other institutional investors own 39.90% of the company’s stock.

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About European Equity Fund (NYSE:EEA)

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