Allspring Global Investments Holdings LLC trimmed its holdings in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) by 29.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,587,102 shares of the company's stock after selling 1,468,529 shares during the quarter. Allspring Global Investments Holdings LLC owned 8.84% of Abrdn Emerging Markets Equity Income Fund worth $17,792,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 94.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,385 shares of the company's stock worth $49,000 after acquiring an additional 4,555 shares during the last quarter. Guggenheim Capital LLC acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund in the 4th quarter valued at $57,000. Paragon Capital Management Ltd purchased a new position in Abrdn Emerging Markets Equity Income Fund in the 1st quarter worth about $72,000. National Bank of Canada FI increased its stake in Abrdn Emerging Markets Equity Income Fund by 1,402.3% in the 4th quarter. National Bank of Canada FI now owns 15,023 shares of the company's stock worth $78,000 after purchasing an additional 14,023 shares in the last quarter. Finally, Almitas Capital LLC acquired a new stake in Abrdn Emerging Markets Equity Income Fund during the 4th quarter worth about $137,000. Institutional investors own 73.93% of the company's stock.
Abrdn Emerging Markets Equity Income Fund Price Performance
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 143,682. Abrdn Emerging Markets Equity Income Fund Inc has a 52-week low of $4.43 and a 52-week high of $6.03. The stock's fifty day moving average is $5.55 and its 200-day moving average is $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 given a $0.15 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.60 annualized dividend and a dividend yield of 9.98%.
Abrdn Emerging Markets Equity Income Fund Company Profile
(
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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