Insider Buying: European Equity Fund, Inc. (NYSE:EEA) Director Acquires 1,100 Shares of Stock

European Equity Fund, Inc. (NYSE:EEA) Director Christian Zugel acquired 1,100 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $9.21 per share, for a total transaction of $10,131.00.

Shares of EEA opened at $9.25 on Friday. The business’s 50 day moving average is $9.01 and its 200 day moving average is $8.75. European Equity Fund, Inc. has a 12-month low of $7.45 and a 12-month high of $9.30.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. North Star Investment Management Corp. bought a new stake in European Equity Fund during the 3rd quarter valued at approximately $26,000. Colony Group LLC bought a new stake in European Equity Fund during the 2nd quarter valued at approximately $106,000. Susquehanna International Group LLP raised its stake in European Equity Fund by 30.3% during the 2nd quarter. Susquehanna International Group LLP now owns 43,089 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 10,010 shares during the period. Morgan Stanley raised its stake in European Equity Fund by 54.8% during the 2nd quarter. Morgan Stanley now owns 76,363 shares of the financial services provider’s stock valued at $675,000 after purchasing an additional 27,031 shares during the period. Finally, Shaker Financial Services LLC raised its stake in European Equity Fund by 7.3% during the 2nd quarter. Shaker Financial Services LLC now owns 344,182 shares of the financial services provider’s stock valued at $3,039,000 after purchasing an additional 23,485 shares during the period. 46.77% of the stock is currently owned by institutional investors.

About 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.

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