Vanguard Capital Wealth Advisors Acquires New Holdings in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Vanguard Capital Wealth Advisors acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 291,178 shares of the company's stock, valued at approximately $1,444,000. Abrdn Emerging Markets Equity Income Fund accounts for about 1.8% of Vanguard Capital Wealth Advisors' holdings, making the stock its 10th biggest position. Vanguard Capital Wealth Advisors owned 0.57% of Abrdn Emerging Markets Equity Income Fund at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AEF. PNC Financial Services Group Inc. raised its holdings 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 valued at $49,000 after acquiring an additional 4,555 shares in the last quarter. Guggenheim Capital LLC acquired a new stake in Abrdn Emerging Markets Equity Income Fund in the fourth quarter valued at $57,000. National Bank of Canada FI raised its holdings 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 valued at $78,000 after acquiring an additional 14,023 shares in the last quarter. Almitas Capital LLC acquired a new stake in Abrdn Emerging Markets Equity Income Fund in the fourth quarter valued at $137,000. Finally, Alpine Global Management LLC acquired a new stake in Abrdn Emerging Markets Equity Income Fund in the fourth quarter valued at $182,000. 73.93% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Emerging Markets Equity Income Fund Trading Down 0.2%

AEF traded down $0.01 during trading on Friday, hitting $5.54. The company had a trading volume of 140,417 shares, compared to its average volume of 137,674. Abrdn Emerging Markets Equity Income Fund Inc has a 1-year low of $4.43 and a 1-year high of $5.84. The business has a 50-day moving average of $5.16 and a 200-day moving average of $5.24.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.15 per share. This is a positive change from Abrdn Emerging Markets Equity Income Fund's previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, March 25th. This represents a $0.60 annualized dividend and a yield of 10.83%.

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.