Allspring Global Investments Holdings LLC Lowers Position in The European Equity Fund, Inc. (NYSE:EEA)

Allspring Global Investments Holdings LLC decreased its holdings in shares of The European Equity Fund, Inc. (NYSE:EEA) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 667,820 shares of the financial services provider’s stock after selling 28,781 shares during the quarter. Allspring Global Investments Holdings LLC owned 9.68% of The European Equity Fund worth $5,437,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wolverine Asset Management LLC raised its position in shares of The European Equity Fund by 25.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 41,053 shares of the financial services provider’s stock valued at $385,000 after buying an additional 8,320 shares in the last quarter. Matisse Capital increased its stake in The European Equity Fund by 30.9% in the fourth quarter. Matisse Capital now owns 80,898 shares of the financial services provider’s stock valued at $659,000 after acquiring an additional 19,089 shares during the last quarter. Finally, Shaker Financial Services LLC raised its position in The European Equity Fund by 1.0% during the third quarter. Shaker Financial Services LLC now owns 379,304 shares of the financial services provider’s stock valued at $3,558,000 after purchasing an additional 3,701 shares in the last quarter. 51.94% of the stock is currently owned by institutional investors.

The European Equity Fund Trading Down 0.9 %

EEA opened at $9.03 on Thursday. The stock has a 50-day moving average price of $8.52 and a 200-day moving average price of $8.79. The European Equity Fund, Inc. has a 12-month low of $8.05 and a 12-month 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. This is a boost from The European Equity Fund’s previous semi-annual dividend of $0.04. This represents a yield of 2.1%. The ex-dividend date was Monday, December 30th.

The European Equity Fund Profile

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.