The Central and Eastern Europe Fund (NYSE:CEE) Shares Pass Above 50-Day Moving Average – Should You Sell?

The Central and Eastern Europe Fund, Inc. (NYSE:CEE)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.85 and traded as high as $12.03. The Central and Eastern Europe Fund shares last traded at $12.00, with a volume of 17,149 shares.

The Central and Eastern Europe Fund Stock Performance

The stock’s fifty day moving average price is $11.83 and its two-hundred day moving average price is $11.02.

The Central and Eastern Europe Fund Cuts Dividend

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

Institutional Trading of The Central and Eastern Europe Fund

An institutional investor recently raised its position in The Central and Eastern Europe Fund stock. Uncommon Cents Investing LLC boosted its stake in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,335 shares of the closed-end fund’s stock after buying an additional 1,700 shares during the period. Uncommon Cents Investing LLC owned 1.29% of The Central and Eastern Europe Fund worth $888,000 at the end of the most recent reporting period. 34.41% of the stock is currently owned by institutional investors and hedge funds.

The Central and Eastern Europe Fund Company Profile

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.