The Central and Eastern Europe Fund (NYSE:CEE) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Posted by Chris Copeland on Jan 9th, 2025

The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-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 Stock 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 business also recently declared an annual dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be issued a $0.3532 dividend. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, December 30th.

Institutional Trading of The Central and Eastern Europe Fund

An institutional investor recently raised its position in The Central and Eastern Europe Fund stock. Nations Financial Group Inc. IA ADV increased its holdings in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Free Report) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 approximately 3.46% of The Central and Eastern Europe Fund worth $2,337,000 as of its most recent SEC filing. 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.