Allspring Global Investments Holdings LLC Sells 330,855 Shares of Abrdn Emerging Markets Equity Income Fund Inc $AEF

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Abrdn Emerging Markets Equity Income Fund Inc (NYSE: AEF) by 9.2%, selling 330,855 shares and owning 3,256,247 shares at the end of the second quarter.
• Abrdn Emerging Markets Equity Income Fund recently declared a quarterly dividend of $0.17 per share, providing an annualized dividend yield of 10.3%.
• The fund's share price opened at $6.60, with a 52-week range between $4.43 and $6.67, indicating potential volatility in its stock performance.

Allspring Global Investments Holdings LLC lessened its holdings in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) by 9.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,256,247 shares of the company's stock after selling 330,855 shares during the period. Allspring Global Investments Holdings LLC owned 8.02% of Abrdn Emerging Markets Equity Income Fund worth $19,342,000 at the end of the most recent reporting period.

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 28.1% during the first quarter. PNC Financial Services Group Inc. now owns 12,026 shares of the company's stock worth $60,000 after purchasing an additional 2,641 shares during the last quarter. Uncommon Cents Investing LLC grew its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 1.6% during the second quarter. Uncommon Cents Investing LLC now owns 323,426 shares of the company's stock worth $1,921,000 after purchasing an additional 5,045 shares during the last quarter. Matisse Capital grew its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 10.9% during the first quarter. Matisse Capital now owns 116,975 shares of the company's stock worth $580,000 after purchasing an additional 11,489 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 28.8% during the first quarter. Private Advisor Group LLC now owns 142,044 shares of the company's stock worth $705,000 after purchasing an additional 31,788 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 359.6% during the first quarter. National Bank of Canada FI now owns 69,048 shares of the company's stock worth $342,000 after purchasing an additional 54,025 shares during the last quarter. Institutional investors own 73.93% of the company's stock.

Abrdn Emerging Markets Equity Income Fund Stock Performance

Shares of AEF stock opened at $6.60 on Friday. The stock's fifty day moving average is $6.32 and its 200-day moving average is $5.79. Abrdn Emerging Markets Equity Income Fund Inc has a 52 week low of $4.43 and a 52 week high of $6.67.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend was 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.

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