Wolverine Asset Management LLC Raises Holdings in The European Equity Fund, Inc. (NYSE:EEA)

Wolverine Asset Management LLC lifted its stake in The European Equity Fund, Inc. (NYSE:EEA) by 18.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 48,512 shares of the financial services provider’s stock after acquiring an additional 7,459 shares during the quarter. Wolverine Asset Management LLC’s holdings in The European Equity Fund were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Shaker Financial Services LLC boosted its stake in shares of The European Equity Fund by 1.0% in the third quarter. Shaker Financial Services LLC now owns 379,304 shares of the financial services provider’s stock worth $3,558,000 after buying an additional 3,701 shares during the last quarter. 51.94% of the stock is currently owned by institutional investors.

The European Equity Fund Stock Performance

Shares of EEA opened at $8.97 on Monday. The stock’s 50-day moving average price is $8.54 and its 200-day moving average price is $8.80. The European Equity Fund, Inc. has a 52 week low of $8.05 and a 52 week high of $9.47.

The European Equity Fund Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, December 30th were given a dividend of $0.141 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a yield of 2.1%. This is an increase from The European Equity Fund’s previous semi-annual dividend of $0.04.

About The European Equity Fund

The European Equity 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 of Europe. The fund seeks to invest in the stocks of companies operating across diversified sectors.