Today’s Market Runner: European Equity Fund Inc (NYSE:EEA) Q2 2016 Sentiment

November 17, 2016 - By Marguerite Chambers   ·   0 Comments

Today's Market Runner: European Equity Fund Inc (NYSE:EEA)  Q2 2016 Sentiment

Sentiment for European Equity Fund Inc (NYSE:EEA)

European Equity Fund Inc (NYSE:EEA) institutional sentiment decreased to 0.8 in Q2 2016. Its down -0.49, from 1.29 in 2016Q1. The ratio is negative, as 8 hedge funds started new or increased positions, while 10 decreased and sold their positions in European Equity Fund Inc. The hedge funds in our partner’s database reported: 3.41 million shares, down from 3.42 million shares in 2016Q1. Also, the number of hedge funds holding European Equity Fund Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 8 Increased: 6 New Position: 2.

The European Equity Fund, Inc. is a diversified, closed-end management investment fund. The company has a market cap of $59.47 million. The Fund’s objective is to seek long-term capital appreciation through investment primarily in equity and equity-linked securities of companies domiciled in countries utilizing the euro currency. It currently has negative earnings. The Fund invests in a range of sectors, including information technology, financials, healthcare, consumer discretionary, industrials, consumer staples, materials, energy, utilities and telecommunication services.

It is down 8.79% since April 15, 2016 and is downtrending. It has underperformed by 13.42% the S&P500.

Shaker Financial Services Llc holds 1.31% of its portfolio in European Equity Fund Inc. for 242,984 shares. 1607 Capital Partners Llc owns 1.30 million shares or 0.69% of their US portfolio. Moreover, Gramercy Funds Management Llc has 0.6% invested in the company for 183,623 shares. The New York-based Karpus Management Inc. has invested 0.24% in the stock. Blue Bell Private Wealth Management Llc, a Pennsylvania-based fund reported 38,731 shares.#img1#

EEA Company Profile

The European Equity Fund, Inc. (the Fund), incorporated on April 8, 1986, is a non-diversified, actively managed closed-end fund. The Fund seeks long term capital appreciation through investment primarily (normally at least 80% of its assets) in equity and equity linked securities of companies domiciled in countries utilizing the Euro currency. The Fund may also invest up to 20% of its assets in securities of issuers domiciled in European countries that do not use the Euro currency. The Company’s benchmark is the MSCI-EMU Index, which is an unmanaged capitalization-weighted index.

More news for European Equity Fund Inc. (NYSE:EEA) were recently published by: Businesswire.com, which released: “The Central Europe, Russia and Turkey Fund, Inc., The European Equity Fund …” on October 21, 2016. Businessinsider.com‘s article titled: “UPDATE 1-European equity fund outflows approach $100 bln – BAML” and published on October 14, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Marguerite Chambers


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>