The Central and Eastern Europe Fund (NYSE:CEE) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Posted by Renee Jackson on Jan 9th, 2025

The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.76 and traded as low as $11.30. The Central and Eastern Europe Fund shares last traded at $11.30, with a volume of 17,068 shares changing hands.

The Central and Eastern Europe Fund Trading Down 0.4 %

The firm has a fifty day simple moving average of $11.77 and a 200-day simple moving average of $10.96.

The Central and Eastern Europe Fund Cuts Dividend

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

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 lifted its position in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Free Report) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,016 shares of the closed-end fund’s stock after purchasing an additional 1,100 shares during the quarter. Nations Financial Group Inc. IA ADV owned 3.46% of The Central and Eastern Europe Fund worth $2,337,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Company Profile

(Get Free Report)

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.