Vanguard Capital Wealth Advisors Has $1.16 Million Position in Abrdn Emerging Markets Equity Income Fund Inc $AEF

Key Points

• Vanguard Capital Wealth Advisors cut its AEF stake by 46.8% in the second quarter, selling 106,005 shares and retaining 120,689 shares worth approximately $1.16 million. The position represents 0.8% of its portfolio.
• Institutional investors and hedge funds own approximately 73.93% of AEF, with several firms adding to or initiating positions during the first and second quarters.
• AEF shares opened at $9.60, near their one-year high of $10.14, while the fund increased its quarterly dividend to $0.23 per share, implying an annualized yield of about 9.6%.

Vanguard Capital Wealth Advisors lessened its stake in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) by 46.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,689 shares of the company's stock after selling 106,005 shares during the period. Abrdn Emerging Markets Equity Income Fund accounts for 0.8% of Vanguard Capital Wealth Advisors' portfolio, making the stock its 28th largest holding. Vanguard Capital Wealth Advisors owned about 0.30% of Abrdn Emerging Markets Equity Income Fund worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Noble Wealth Management PBC acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the 2nd quarter valued at $34,000. Readystate Asset Management LP bought a new position in Abrdn Emerging Markets Equity Income Fund in the first quarter valued at about $203,000. Private Advisor Group LLC increased its position in Abrdn Emerging Markets Equity Income Fund by 7.4% in the first quarter. Private Advisor Group LLC now owns 191,749 shares of the company's stock worth $1,398,000 after purchasing an additional 13,205 shares during the period. Evolve Private Wealth LLC lifted its position in Abrdn Emerging Markets Equity Income Fund by 3.2% during the 1st quarter. Evolve Private Wealth LLC now owns 112,511 shares of the company's stock valued at $820,000 after purchasing an additional 3,468 shares during the period. Finally, Uhlmann Price Securities LLC lifted its position in Abrdn Emerging Markets Equity Income Fund by 5.5% during the 1st quarter. Uhlmann Price Securities LLC now owns 40,859 shares of the company's stock valued at $298,000 after purchasing an additional 2,129 shares during the period. Institutional investors and hedge funds own 73.93% of the company's stock.

Abrdn Emerging Markets Equity Income Fund Trading Up 0.5%

Shares of NYSE:AEF opened at $9.60 on Wednesday. Abrdn Emerging Markets Equity Income Fund Inc has a one year low of $6.03 and a one year high of $10.14. The company has a 50 day moving average of $9.12 and a 200-day moving average of $8.84.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This is a boost from Abrdn Emerging Markets Equity Income Fund's previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 9.6%.

Abrdn Emerging Markets Equity Income Fund Company Profile

Abrdn Emerging Markets Equity Income Fund NYSE: AEF is a closed‐end investment company that seeks to provide investors with a combination of current income and long-term capital appreciation by investing primarily in dividend-paying equities of companies located in emerging market countries. The fund offers investors access to a diversified portfolio of stocks across Asia, Latin America, Eastern Europe, the Middle East and Africa, targeting firms with strong cash flow characteristics and sustainable payout policies.

The investment process combines bottom-up fundamental research with a disciplined focus on income generation.

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