Madison Avenue Partners LP Increases Stock Position in The Central and Eastern Europe Fund, Inc. (NYSE:CEE)

Madison Avenue Partners LP grew its position in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE) by 201.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 211,030 shares of the closed-end fund’s stock after buying an additional 141,002 shares during the quarter. The Central and Eastern Europe Fund makes up approximately 0.4% of Madison Avenue Partners LP’s portfolio, making the stock its 16th largest holding. Madison Avenue Partners LP’s holdings in The Central and Eastern Europe Fund were worth $1,705,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CEE. Gabelli Funds LLC boosted its position in shares of The Central and Eastern Europe Fund by 3.3% in the 1st quarter. Gabelli Funds LLC now owns 157,000 shares of the closed-end fund’s stock valued at $2,102,000 after purchasing an additional 5,036 shares during the period. Whitefort Capital Management LP lifted its stake in The Central and Eastern Europe Fund by 2.6% in the first quarter. Whitefort Capital Management LP now owns 564,346 shares of the closed-end fund’s stock valued at $4,559,000 after buying an additional 14,346 shares during the last quarter. Cannell Capital LLC acquired a new stake in shares of The Central and Eastern Europe Fund in the first quarter valued at approximately $249,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of The Central and Eastern Europe Fund in the first quarter valued at approximately $762,000. Institutional investors and hedge funds own 21.16% of the company’s stock.

The Central and Eastern Europe Fund Stock Performance

Shares of The Central and Eastern Europe Fund stock traded up $0.03 during trading on Friday, reaching $8.60. The company’s stock had a trading volume of 74,111 shares, compared to its average volume of 15,242. The company has a 50-day moving average price of $9.10 and a two-hundred day moving average price of $8.72. The Central and Eastern Europe Fund, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $10.32.

The Central and Eastern Europe Fund 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.