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

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

Other hedge funds have also made changes to their positions in the company. CSS LLC IL acquired a new stake in abrdn Japan Equity Fund during the fourth quarter valued at $60,000. Blue Bell Private Wealth Management LLC raised its stake in shares of abrdn Japan Equity Fund by 15.3% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 29,426 shares of the company's stock worth $191,000 after purchasing an additional 3,900 shares in the last quarter. Bank of America Corp DE raised its stake in shares of abrdn Japan Equity Fund by 8.0% during the 4th quarter. Bank of America Corp DE now owns 91,050 shares of the company's stock worth $524,000 after purchasing an additional 6,724 shares in the last quarter. Successful Portfolios LLC lifted its holdings in shares of abrdn Japan Equity Fund by 3.7% during the 1st 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 last quarter. Finally, Saba Capital Management L.P. grew its stake in shares of abrdn Japan Equity Fund by 0.9% in the 4th quarter. Saba Capital Management L.P. now owns 687,081 shares of the company's stock valued at $3,951,000 after buying an additional 6,394 shares in the last quarter. 62.72% of the stock is owned by hedge funds and other institutional investors.

abrdn Japan Equity Fund Trading Down 0.9%

NYSE:JEQ traded down $0.07 during mid-day trading on Thursday, reaching $7.63. The stock had a trading volume of 199,772 shares, compared to its average volume of 79,371. The business's 50 day moving average is $7.24 and its 200 day moving average is $6.53. abrdn Japan Equity Fund Inc. has a fifty-two week low of $5.27 and a fifty-two week high of $7.87.

Insider Transactions at abrdn Japan Equity Fund

In other abrdn Japan Equity Fund news, major shareholder Saba Capital Management, L.P. purchased 7,596 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were bought at an average price of $7.14 per share, for a total transaction of $54,235.44. Following the purchase, the insider directly owned 1,515,829 shares in the company, valued at $10,823,019.06. This trade represents a 0.50% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased 60,887 shares of company stock valued at $433,198 in the last ninety days. 52.11% of the stock is owned by insiders.

abrdn Japan Equity Fund Company 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.