Kovitz Investment Group Partners LLC reduced its position in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) by 94.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,100 shares of the company's stock after selling 192,663 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Abrdn Emerging Markets Equity Income Fund were worth $55,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Guggenheim Capital LLC acquired a new position in Abrdn Emerging Markets Equity Income Fund in the 4th quarter valued at $57,000. PNC Financial Services Group Inc. increased its stake in Abrdn Emerging Markets Equity Income Fund by 28.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,026 shares of the company's stock valued at $60,000 after buying an additional 2,641 shares during the period. Paragon Capital Management Ltd acquired a new position in Abrdn Emerging Markets Equity Income Fund in the 1st quarter valued at $72,000. Almitas Capital LLC acquired a new position in Abrdn Emerging Markets Equity Income Fund in the 4th quarter valued at $137,000. Finally, Alpine Global Management LLC acquired a new position in Abrdn Emerging Markets Equity Income Fund in the 4th quarter valued at $182,000. 73.93% of the stock is owned by institutional investors and hedge funds.
Abrdn Emerging Markets Equity Income Fund Stock Performance
AEF traded up $0.04 during trading on Thursday, hitting $6.21. The stock had a trading volume of 65,567 shares, compared to its average volume of 193,631. The company's 50-day moving average price is $6.00 and its 200 day moving average price is $5.50. Abrdn Emerging Markets Equity Income Fund Inc has a twelve month low of $4.43 and a twelve month high of $6.24.
Abrdn Emerging Markets Equity Income Fund Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.7%.
About Abrdn Emerging Markets Equity Income Fund
(
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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