133,913 Shares in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Acquired by Tabor Asset Management LP

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

A number of other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in 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 worth $49,000 after acquiring an additional 4,555 shares in the last quarter. Guggenheim Capital LLC purchased a new position in Abrdn Emerging Markets Equity Income Fund in the fourth quarter worth about $57,000. Paragon Capital Management Ltd purchased a new position in Abrdn Emerging Markets Equity Income Fund in the first quarter worth about $72,000. National Bank of Canada FI grew its position in 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 acquiring an additional 14,023 shares in the last quarter. Finally, Almitas Capital LLC purchased a new position in Abrdn Emerging Markets Equity Income Fund in 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 Up 0.1%

AEF traded up $0.01 on Monday, hitting $6.09. The company had a trading volume of 76,596 shares, compared to its average volume of 151,530. Abrdn Emerging Markets Equity Income Fund Inc has a 12-month low of $4.43 and a 12-month high of $6.15. The business's fifty day simple moving average is $5.69 and its 200 day simple moving average is $5.34.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were issued 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 9.86%.

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.