Tabor Asset Management LP Takes Position in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Tabor Asset Management LP bought a new position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 133,913 shares of the company's stock, valued at approximately $664,000. Tabor Asset Management LP owned 0.33% of Abrdn Emerging Markets Equity Income Fund at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. PNC Financial Services Group Inc. increased 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 buying an additional 4,555 shares during the period. Guggenheim Capital LLC purchased a new position in Abrdn Emerging Markets Equity Income Fund in the fourth quarter valued at about $57,000. Paragon Capital Management Ltd acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the 1st quarter valued at $72,000. National Bank of Canada FI lifted its position 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 acquiring an additional 14,023 shares in the last quarter. Finally, Almitas Capital LLC acquired a new position in Abrdn Emerging Markets Equity Income Fund in the 4th quarter valued at $137,000. Hedge funds and other institutional investors own 73.93% of the company's stock.

Abrdn Emerging Markets Equity Income Fund Price Performance

AEF opened at $6.01 on Tuesday. Abrdn Emerging Markets Equity Income Fund Inc has a 52-week low of $4.43 and a 52-week high of $6.15. The stock's 50 day moving average price is $5.69 and its 200-day moving average price is $5.34.

Abrdn Emerging Markets Equity Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were given a $0.15 dividend. 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 9.98%.

Abrdn Emerging Markets Equity Income Fund Profile

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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