Tabor Asset Management LP Invests $453,000 in abrdn Japan Equity Fund Inc. (NYSE:JEQ)

Tabor Asset Management LP bought a new position in shares of abrdn Japan Equity Fund Inc. (NYSE:JEQ - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 69,707 shares of the company's stock, valued at approximately $453,000. Tabor Asset Management LP owned about 0.50% of abrdn Japan Equity Fund as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the company. Saba Capital Management L.P. lifted its stake in shares of abrdn Japan Equity Fund by 0.9% during the fourth quarter. Saba Capital Management L.P. now owns 687,081 shares of the company's stock valued at $3,951,000 after acquiring an additional 6,394 shares during the period. Bank of America Corp DE lifted its stake in abrdn Japan Equity Fund by 8.0% in the fourth quarter. Bank of America Corp DE now owns 91,050 shares of the company's stock valued at $524,000 after buying an additional 6,724 shares during the period. Successful Portfolios LLC lifted its stake in abrdn Japan Equity Fund by 3.7% in the first quarter. Successful Portfolios LLC now owns 88,467 shares of the company's stock valued at $575,000 after buying an additional 3,189 shares during the period. Finally, CSS LLC IL acquired a new position in abrdn Japan Equity Fund in the fourth quarter valued at about $60,000. Institutional investors and hedge funds own 62.72% of the company's stock.

Insider Transactions at abrdn Japan Equity Fund

In other news, major shareholder Saba Capital Management, L.P. bought 7,596 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were acquired at an average price of $7.14 per share, with a total value of $54,235.44. Following the transaction, the insider owned 1,515,829 shares in the company, valued at $10,823,019.06. This represents a 0.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 60,887 shares of company stock valued at $433,198. 52.11% of the stock is currently owned by company insiders.

abrdn Japan Equity Fund Price Performance

Shares of NYSE:JEQ remained flat at $7.26 during trading on Friday. The stock had a trading volume of 18,436 shares, compared to its average volume of 64,810. The firm has a 50 day simple moving average of $7.20 and a 200-day simple moving average of $6.49. abrdn Japan Equity Fund Inc. has a fifty-two week low of $5.27 and a fifty-two week high of $7.87.

abrdn Japan Equity Fund Profile

Abrdn Japan Equity Fund Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It invests in the public equity markets of Japan. The fund invests in stocks of companies operating across diversified sectors. It employs quantitative analysis to build its portfolio.

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