Gabelli Funds LLC Sells 1,000 Shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE)

Gabelli Funds LLC cut its position in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 120,000 shares of the closed-end fund’s stock after selling 1,000 shares during the quarter. Gabelli Funds LLC’s holdings in The Central and Eastern Europe Fund were worth $1,310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CEE. Uncommon Cents Investing LLC boosted its holdings in The Central and Eastern Europe Fund by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 81,335 shares of the closed-end fund’s stock worth $888,000 after buying an additional 1,700 shares during the period. Truffle Hound Capital LLC bought a new stake in The Central and Eastern Europe Fund during the fourth quarter valued at about $1,638,000. Finally, Rangeley Capital LLC purchased a new position in shares of The Central and Eastern Europe Fund in the fourth quarter valued at about $1,212,000. 34.41% of the stock is currently owned by institutional investors.

The Central and Eastern Europe Fund Trading Up 3.8 %

NYSE:CEE opened at $13.60 on Friday. The stock has a 50-day moving average price of $14.32 and a 200 day moving average price of $12.59. The Central and Eastern Europe Fund, Inc. has a 12-month low of $9.42 and a 12-month 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.