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

Tabor Asset Management LP acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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 & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC grew its position in Abrdn Emerging Markets Equity Income Fund by 28.8% during the first quarter. Private Advisor Group LLC now owns 142,044 shares of the company's stock valued at $705,000 after purchasing an additional 31,788 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Abrdn Emerging Markets Equity Income Fund in the first quarter worth approximately $1,457,000. Absolute Investment Advisers LLC bought a new stake in Abrdn Emerging Markets Equity Income Fund in the first quarter worth approximately $2,432,000. Matisse Capital grew its position in Abrdn Emerging Markets Equity Income Fund by 10.9% in the first quarter. Matisse Capital now owns 116,975 shares of the company's stock worth $580,000 after acquiring an additional 11,489 shares in the last quarter. Finally, Uncommon Cents Investing LLC grew its position in Abrdn Emerging Markets Equity Income Fund by 10.8% in the first quarter. Uncommon Cents Investing LLC now owns 318,381 shares of the company's stock worth $1,579,000 after acquiring an additional 31,070 shares in the last quarter. 73.93% of the stock is owned by hedge funds and other institutional investors.

Abrdn Emerging Markets Equity Income Fund Stock Performance

AEF stock traded down $0.04 during trading hours on Friday, hitting $6.15. The company's stock had a trading volume of 59,501 shares, compared to its average volume of 209,285. Abrdn Emerging Markets Equity Income Fund Inc has a 12 month low of $4.43 and a 12 month high of $6.22. The stock has a 50 day moving average price of $5.74 and a two-hundred day moving average price of $5.37.

Abrdn Emerging Markets Equity Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 9.76%. The ex-dividend date was Monday, June 23rd.

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.