67,362 Shares in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Purchased by Readystate Asset Management LP

Readystate Asset Management LP acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 67,362 shares of the company's stock, valued at approximately $334,000. Readystate Asset Management LP owned approximately 0.17% of Abrdn Emerging Markets Equity Income Fund as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings in shares of 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 purchasing an additional 4,555 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in Abrdn Emerging Markets Equity Income Fund in the 4th quarter valued at $57,000. Quantedge Capital Pte Ltd increased its stake in Abrdn Emerging Markets Equity Income Fund by 21.2% in the 4th 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. Matisse Capital increased its stake in Abrdn Emerging Markets Equity Income Fund by 10.9% in the 1st quarter. Matisse Capital now owns 116,975 shares of the company's stock valued at $580,000 after buying an additional 11,489 shares during the period. Finally, National Bank of Canada FI increased its stake in Abrdn Emerging Markets Equity Income Fund by 1,402.3% in the 4th quarter. National Bank of Canada FI now owns 15,023 shares of the company's stock valued at $78,000 after buying an additional 14,023 shares during the period. 73.93% of the stock is owned by hedge funds and other institutional investors.

Abrdn Emerging Markets Equity Income Fund Stock Performance

Shares of NYSE:AEF traded up $0.01 on Monday, reaching $6.11. 28,400 shares of the company were exchanged, compared to its average volume of 208,600. Abrdn Emerging Markets Equity Income Fund Inc has a 1-year low of $4.43 and a 1-year high of $6.22. The company has a 50-day moving average of $5.76 and a 200-day moving average of $5.37.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The firm also recently announced 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. This represents a $0.60 dividend on an annualized basis and a yield of 9.83%. The ex-dividend date of this dividend 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.