European Equity Fund (EEA) Reaches New 12-Month Low at $8.14

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of European Equity Fund by 2.0% during the 3rd quarter. Wells Fargo & Company MN now owns 501,862 shares of the financial services provider’s stock valued at $4,712,000 after purchasing an additional 9,909 shares during the last quarter. Shaker Financial Services LLC increased its position in shares of European Equity Fund by 8.6% during the 3rd quarter. Shaker Financial Services LLC now owns 255,475 shares of the financial services provider’s stock valued at $2,399,000 after purchasing an additional 20,164 shares during the last quarter. City of London Investment Management Co. Ltd. increased its position in shares of European Equity Fund by 4.8% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 178,390 shares of the financial services provider’s stock valued at $1,663,000 after purchasing an additional 8,167 shares during the last quarter. Wolverine Asset Management LLC increased its position in shares of European Equity Fund by 193.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 29,991 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 19,755 shares during the last quarter. Finally, Old Port Advisors purchased a new stake in shares of European Equity Fund during the 2nd quarter valued at about $117,000. 39.90% of the stock is owned by hedge funds and other institutional investors.

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About European Equity Fund (NYSE:EEA)

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