Abrdn Emerging Markets Equity Income Fund Inc $AEF Stock Holdings Increased by National Bank of Canada FI

Key Points

• National Bank of Canada FI significantly increased its holdings in Abrdn Emerging Markets Equity Income Fund by 359.6% in Q1, owning approximately 69,048 shares valued at $342,000.
• The company declared a quarterly dividend of $0.15 per share with a dividend yield of 9.7%, paid on June 30th.
• As of now, 73.93% of Abrdn Emerging Markets Equity Income Fund's stock is owned by institutional investors, indicating strong institutional interest.

National Bank of Canada FI grew its holdings in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) by 359.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,048 shares of the company's stock after purchasing an additional 54,025 shares during the period. National Bank of Canada FI owned approximately 0.17% of Abrdn Emerging Markets Equity Income Fund worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Guggenheim Capital LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund during the 4th quarter valued at about $57,000. PNC Financial Services Group Inc. boosted its position in shares of Abrdn Emerging Markets Equity Income Fund by 28.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,026 shares of the company's stock valued at $60,000 after purchasing an additional 2,641 shares in the last quarter. Paragon Capital Management Ltd bought a new position in shares of Abrdn Emerging Markets Equity Income Fund during the 1st quarter valued at about $72,000. Almitas Capital LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund during the 4th quarter valued at about $137,000. Finally, Alpine Global Management LLC acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund in the fourth quarter worth about $182,000. Institutional investors own 73.93% of the company's stock.

Abrdn Emerging Markets Equity Income Fund Stock Performance

Shares of AEF traded down $0.06 during midday trading on Thursday, hitting $6.00. The stock had a trading volume of 63,424 shares, compared to its average volume of 197,268. Abrdn Emerging Markets Equity Income Fund Inc has a fifty-two week low of $4.43 and a fifty-two week high of $6.22. The business has a 50-day simple moving average of $5.97 and a two-hundred day simple moving average of $5.48.

Abrdn Emerging Markets Equity Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 10.0%. The ex-dividend date was Monday, June 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.