133,350 Shares in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Bought by Css LLC Il

CSS LLC IL acquired a new position in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 133,350 shares of the company's stock, valued at approximately $692,000. CSS LLC IL owned 0.26% of Abrdn Emerging Markets Equity Income Fund as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund in the 4th quarter valued at $4,329,000. Bulldog Investors LLP bought a new stake in Abrdn Emerging Markets Equity Income Fund in the fourth quarter valued at about $385,000. Logan Stone Capital LLC acquired a new position in Abrdn Emerging Markets Equity Income Fund in the fourth quarter valued at about $356,000. CF Capital LLC bought a new position in Abrdn Emerging Markets Equity Income Fund during the fourth quarter worth about $200,000. Finally, HighTower Advisors LLC bought a new position in Abrdn Emerging Markets Equity Income Fund during the fourth quarter worth about $199,000. 73.93% of the stock is owned by institutional investors.

Abrdn Emerging Markets Equity Income Fund Stock Performance

Shares of AEF stock traded down $0.06 on Tuesday, reaching $5.42. The company had a trading volume of 81,894 shares, compared to its average volume of 135,264. The company has a 50-day moving average of $5.09 and a 200-day moving average of $5.22. Abrdn Emerging Markets Equity Income Fund Inc has a 12 month low of $4.43 and a 12 month high of $5.84.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.60 dividend on an annualized basis and a yield of 11.08%. This is a boost from Abrdn Emerging Markets Equity Income Fund's previous quarterly dividend of $0.10.

Abrdn Emerging Markets Equity Income Fund Company Profile

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.