Rangeley Capital LLC Makes New $1.21 Million Investment in The Central and Eastern Europe Fund, Inc. (NYSE:CEE)

Rangeley Capital LLC acquired a new stake in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 111,000 shares of the closed-end fund’s stock, valued at approximately $1,212,000. The Central and Eastern Europe Fund accounts for about 1.1% of Rangeley Capital LLC’s holdings, making the stock its 27th biggest holding.

Separately, Truffle Hound Capital LLC acquired a new stake in shares of The Central and Eastern Europe Fund in the fourth quarter worth about $1,638,000. 34.41% of the stock is owned by institutional investors and hedge funds.

The Central and Eastern Europe Fund Price Performance

Shares of NYSE CEE opened at $14.28 on Thursday. The business’s 50-day simple moving average is $14.33 and its 200-day simple moving average is $12.37. The Central and Eastern Europe Fund, Inc. has a 52 week low of $9.37 and a 52 week high of $16.71.

The Central and Eastern Europe Fund Company 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.