Css LLC Il Acquires New Position in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Css LLC Il acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 133,350 shares of the company's stock, valued at approximately $692,000. Css LLC Il owned approximately 0.26% of Abrdn Emerging Markets Equity Income Fund at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEF. Raymond James Financial Inc. bought a new position in shares of Abrdn Emerging Markets Equity Income Fund in the 4th quarter valued at $4,329,000. PNC Financial Services Group Inc. grew its position in Abrdn Emerging Markets Equity Income Fund by 94.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,385 shares of the company's stock valued at $49,000 after acquiring an additional 4,555 shares during the last quarter. HighTower Advisors LLC acquired a new position in Abrdn Emerging Markets Equity Income Fund during the fourth quarter worth about $199,000. Guggenheim Capital LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund in the fourth quarter worth about $57,000. Finally, Logan Stone Capital LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund in the fourth quarter worth about $356,000. 73.93% of the stock is currently owned by institutional investors.

Abrdn Emerging Markets Equity Income Fund Stock Up 0.7%

Shares of Abrdn Emerging Markets Equity Income Fund stock opened at $5.49 on Thursday. The firm's 50 day moving average is $5.07 and its 200 day moving average is $5.22. Abrdn Emerging Markets Equity Income Fund Inc has a 1 year low of $4.43 and a 1 year high of $5.84.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were given a $0.15 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.60 dividend on an annualized basis and a yield of 10.93%. This is a positive change from Abrdn Emerging Markets Equity Income Fund's previous quarterly dividend of $0.10.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.