Absolute Investment Advisers LLC Buys 101,299 Shares of Abrdn Emerging Markets Equity Income Fund Inc $AEF

Key Points

• Absolute Investment Advisers LLC increased its stake in Abrdn Emerging Markets Equity Income Fund Inc by 20.7%, acquiring an additional 101,299 shares during the 2nd quarter.
• The fund recently announced a quarterly dividend of $0.17 per share, with a dividend yield of 10.7%, payable on September 30th.
• Abrdn Emerging Markets Equity Income Fund's share price recently opened at $6.35, with a 12-month low of $4.43 and a high of $6.59.

Absolute Investment Advisers LLC raised its stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) by 20.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 591,571 shares of the company's stock after acquiring an additional 101,299 shares during the period. Absolute Investment Advisers LLC owned about 1.46% of Abrdn Emerging Markets Equity Income Fund worth $3,514,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AEF. Integrated Capital Management Inc. bought a new position in shares of Abrdn Emerging Markets Equity Income Fund during the first quarter valued at about $186,000. Vanguard Capital Wealth Advisors bought a new position in shares of Abrdn Emerging Markets Equity Income Fund during the 1st quarter worth approximately $1,444,000. Park Avenue Securities LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund during the 1st quarter worth approximately $1,350,000. Paragon Capital Management Ltd bought a new stake in Abrdn Emerging Markets Equity Income Fund during the first quarter worth $72,000. Finally, Uncommon Cents Investing LLC lifted its holdings in Abrdn Emerging Markets Equity Income Fund by 10.8% during the first quarter. Uncommon Cents Investing LLC now owns 318,381 shares of the company's stock worth $1,579,000 after acquiring an additional 31,070 shares during the period. 73.93% of the stock is owned by institutional investors.

Abrdn Emerging Markets Equity Income Fund Trading Up 0.3%

Shares of Abrdn Emerging Markets Equity Income Fund stock opened at $6.35 on Thursday. The business's fifty day simple moving average is $6.19 and its 200 day simple moving average is $5.63. Abrdn Emerging Markets Equity Income Fund Inc has a 12 month low of $4.43 and a 12 month high of $6.59.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Tuesday, September 23rd.

About Abrdn Emerging Markets Equity Income Fund

Abrdn Emerging Markets Equity Income Fund Inc is a closed ended balanced mutual fund and managed by Aberdeen Asset Managers Limited. It invests in the public equity and fixed income markets of Chile. The fund seeks to invest in securities of companies operating across diversified sectors. It employs fundamental analysis with a bottom-up security selection approach to create its portfolio.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.