Park Avenue Securities LLC Buys Shares of 272,271 Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Park Avenue Securities LLC acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 272,271 shares of the company's stock, valued at approximately $1,350,000. Park Avenue Securities LLC owned approximately 0.54% of Abrdn Emerging Markets Equity Income Fund as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AEF. PNC Financial Services Group Inc. increased its holdings in Abrdn Emerging Markets Equity Income Fund by 94.3% in the 4th 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. Guggenheim Capital LLC purchased a new position in shares of Abrdn Emerging Markets Equity Income Fund during the fourth quarter valued at about $57,000. National Bank of Canada FI lifted its position in shares of Abrdn Emerging Markets Equity Income Fund by 1,402.3% in the fourth quarter. National Bank of Canada FI now owns 15,023 shares of the company's stock worth $78,000 after buying an additional 14,023 shares in the last quarter. Almitas Capital LLC purchased a new stake in shares of Abrdn Emerging Markets Equity Income Fund during the 4th quarter worth approximately $137,000. Finally, Alpine Global Management LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund during the 4th quarter valued at approximately $182,000. Hedge funds and other institutional investors own 73.93% of the company's stock.

Abrdn Emerging Markets Equity Income Fund Trading Up 0.2%

AEF traded up $0.01 during trading hours on Thursday, hitting $5.79. The company's stock had a trading volume of 58,231 shares, compared to its average volume of 138,232. The business's 50-day moving average price is $5.21 and its 200-day moving average price is $5.25. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 23rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 10.36%.

Abrdn Emerging Markets Equity Income Fund 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.