Absolute Investment Advisers LLC bought a new stake in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 490,272 shares of the company's stock, valued at approximately $2,432,000. Absolute Investment Advisers LLC owned approximately 1.21% of Abrdn Emerging Markets Equity Income Fund as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Abrdn Emerging Markets Equity Income Fund during the fourth quarter worth approximately $4,329,000. Uncommon Cents Investing LLC lifted its position in Abrdn Emerging Markets Equity Income Fund by 10.8% in the first quarter. Uncommon Cents Investing LLC now owns 318,381 shares of the company's stock worth $1,579,000 after buying an additional 31,070 shares during the last quarter. Vanguard Capital Wealth Advisors bought a new stake in Abrdn Emerging Markets Equity Income Fund in the first quarter worth $1,444,000. Park Avenue Securities LLC bought a new stake in Abrdn Emerging Markets Equity Income Fund in the first quarter worth $1,350,000. Finally, CSS LLC IL purchased a new position in Abrdn Emerging Markets Equity Income Fund during the fourth quarter worth $692,000. 73.93% of the stock is owned by hedge funds and other institutional investors.
Abrdn Emerging Markets Equity Income Fund Trading Up 1.2%
AEF stock traded up $0.07 during mid-day trading on Friday, reaching $6.01. 93,840 shares of the stock traded hands, compared to its average volume of 143,296. Abrdn Emerging Markets Equity Income Fund Inc has a one year low of $4.43 and a one year high of $6.03. The business has a 50-day moving average price of $5.53 and a two-hundred day moving average price of $5.30.
Abrdn Emerging Markets Equity Income Fund Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.98%.
About Abrdn Emerging Markets Equity Income Fund
(
Free Report)
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.
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