Almitas Capital LLC bought a new stake in abrdn Japan Equity Fund Inc. (NYSE:JEQ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 60,604 shares of the company's stock, valued at approximately $394,000. Almitas Capital LLC owned approximately 0.44% of abrdn Japan Equity Fund at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in JEQ. CSS LLC IL acquired a new position in shares of abrdn Japan Equity Fund in the 4th quarter valued at approximately $60,000. Blue Bell Private Wealth Management LLC increased its position in abrdn Japan Equity Fund by 15.3% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 29,426 shares of the company's stock worth $191,000 after purchasing an additional 3,900 shares in the last quarter. Tabor Asset Management LP acquired a new position in abrdn Japan Equity Fund during the 1st quarter worth approximately $453,000. Bank of America Corp DE increased its position in abrdn Japan Equity Fund by 8.0% during the 4th quarter. Bank of America Corp DE now owns 91,050 shares of the company's stock worth $524,000 after purchasing an additional 6,724 shares in the last quarter. Finally, Successful Portfolios LLC increased its position in abrdn Japan Equity Fund by 3.7% during the 1st quarter. Successful Portfolios LLC now owns 88,467 shares of the company's stock worth $575,000 after purchasing an additional 3,189 shares in the last quarter. 62.72% of the stock is currently owned by institutional investors and hedge funds.
abrdn Japan Equity Fund Price Performance
JEQ stock traded up $0.18 during trading on Friday, reaching $8.24. 20,471 shares of the company were exchanged, compared to its average volume of 173,919. The company has a 50-day moving average of $7.73 and a two-hundred day moving average of $7.01. abrdn Japan Equity Fund Inc. has a twelve month low of $5.58 and a twelve month high of $8.36.
About abrdn Japan Equity Fund
(
Free Report)
Abrdn Japan Equity Fund Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It invests in the public equity markets of Japan. The fund invests in stocks of companies operating across diversified sectors. It employs quantitative analysis to build its portfolio.
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