Quarry LP Takes $942,000 Position in Abrdn Emerging Markets Equity Income Fund Inc $AEF

Key Points

• Quarry LP acquired a $942,000 stake in Abrdn Emerging Markets Equity Income Fund, purchasing 189,990 shares in the first quarter, representing 0.47% ownership.
• Several institutional investors, including PNC Financial Services Group Inc. and Integrated Capital Management Inc., also increased their holdings in the fund during the same period.
• The Abrdn Emerging Markets Equity Income Fund recently declared a quarterly dividend of $0.15 per share, yielding approximately 9.8% annually.

Quarry LP bought a new position in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 189,990 shares of the company's stock, valued at approximately $942,000. Quarry LP owned 0.47% of Abrdn Emerging Markets Equity Income Fund at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AEF. CF Capital LLC purchased a new stake in Abrdn Emerging Markets Equity Income Fund in the fourth quarter worth about $200,000. Bulldog Investors LLP purchased a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the 4th quarter worth approximately $385,000. Logan Stone Capital LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund during the fourth quarter valued at approximately $356,000. Quantedge Capital Pte Ltd increased its holdings in Abrdn Emerging Markets Equity Income Fund by 21.2% during the fourth quarter. Quantedge Capital Pte Ltd now owns 63,000 shares of the company's stock valued at $327,000 after buying an additional 11,000 shares during the period. Finally, CSS LLC IL bought a new position in Abrdn Emerging Markets Equity Income Fund in the fourth quarter worth approximately $692,000. Hedge funds and other institutional investors own 73.93% of the company's stock.

Abrdn Emerging Markets Equity Income Fund Stock Up 0.3%

Abrdn Emerging Markets Equity Income Fund stock traded up $0.02 during mid-day trading on Wednesday, reaching $6.10. 75,032 shares of the company were exchanged, compared to its average volume of 192,308. The business has a fifty day moving average of $6.04 and a 200 day moving average of $5.52. Abrdn Emerging Markets Equity Income Fund Inc has a 12-month low of $4.43 and a 12-month high of $6.24.

Abrdn Emerging Markets Equity Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were given 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 yield of 9.8%.

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.