Tabor Asset Management LP Acquires New Holdings in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Tabor Asset Management LP purchased a new position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 133,913 shares of the company's stock, valued at approximately $664,000. Tabor Asset Management LP owned about 0.33% of Abrdn Emerging Markets Equity Income Fund as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of AEF. PNC Financial Services Group Inc. grew its stake in shares of Abrdn Emerging Markets Equity Income Fund by 94.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,385 shares of the company's stock worth $49,000 after acquiring an additional 4,555 shares during the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Abrdn Emerging Markets Equity Income Fund during the fourth quarter worth about $57,000. Paragon Capital Management Ltd acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund during the first quarter worth about $72,000. National Bank of Canada FI lifted its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 1,402.3% during the fourth quarter. National Bank of Canada FI now owns 15,023 shares of the company's stock worth $78,000 after purchasing an additional 14,023 shares during the period. Finally, Almitas Capital LLC acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund during the fourth quarter worth about $137,000. Hedge funds and other institutional investors own 73.93% of the company's stock.

Abrdn Emerging Markets Equity Income Fund Trading Down 0.6%

Shares of Abrdn Emerging Markets Equity Income Fund stock traded down $0.04 on Friday, reaching $5.97. 32,878 shares of the stock were exchanged, compared to its average volume of 146,977. Abrdn Emerging Markets Equity Income Fund Inc has a twelve month low of $4.43 and a twelve month high of $6.05. The business has a 50 day moving average price of $5.67 and a two-hundred day moving average price of $5.34.

Abrdn Emerging Markets Equity Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.06%. 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.

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