The Central and Eastern Europe Fund (NYSE:CEE) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.33 and traded as low as $10.32. The Central and Eastern Europe Fund shares last traded at $10.32, with a volume of 13,258 shares.

The Central and Eastern Europe Fund Stock Up 0.2 %

The firm has a 50 day simple moving average of $10.43 and a 200 day simple moving average of $10.34.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Central and Eastern Europe Fund stock. Nations Financial Group Inc. IA ADV raised its holdings in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 216,916 shares of the closed-end fund’s stock after acquiring an additional 9,180 shares during the period. Nations Financial Group Inc. IA ADV owned approximately 3.44% of The Central and Eastern Europe Fund worth $2,312,000 at the end of the most recent reporting period. 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.