Wolverine Asset Management LLC Buys 7,459 Shares of The European Equity Fund, Inc. (NYSE:EEA)

Wolverine Asset Management LLC lifted its stake in The European Equity Fund, Inc. (NYSE:EEA) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,512 shares of the financial services provider’s stock after acquiring an additional 7,459 shares during the period. Wolverine Asset Management LLC owned 0.70% of The European Equity Fund worth $395,000 at the end of the most recent quarter.

Separately, Matisse Capital increased its position in The European Equity Fund by 30.9% during the 4th quarter. Matisse Capital now owns 80,898 shares of the financial services provider’s stock valued at $659,000 after buying an additional 19,089 shares in the last quarter. Hedge funds and other institutional investors own 51.94% of the company’s stock.

The European Equity Fund Stock Down 0.8 %

Shares of NYSE:EEA opened at $8.97 on Monday. The business’s 50-day moving average is $8.54 and its 200 day moving average is $8.80. The European Equity Fund, Inc. has a 1 year low of $8.05 and a 1 year high of $9.47.

The European Equity Fund Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, January 31st. Investors of record on Monday, December 30th were given a dividend of $0.141 per share. This is a positive change 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.