Vanguard Capital Wealth Advisors Raises Holdings in Abrdn Emerging Markets Equity Income Fund Inc $AEF

Key Points

• Vanguard Capital Wealth Advisors increased its position in the Abrdn Emerging Markets Equity Income Fund by 241.3% during the second quarter, acquiring a total of 993,754 shares.
• The fund recently announced a quarterly dividend of $0.17 per share, reflecting a 10.4% dividend yield and will be paid on September 30th.
• Currently, 73.93% of Abrdn Emerging Markets Equity Income Fund's stock is owned by institutional investors, indicating strong institutional interest in the fund.

Vanguard Capital Wealth Advisors lifted its position in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) by 241.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 993,754 shares of the company's stock after acquiring an additional 702,576 shares during the quarter. Abrdn Emerging Markets Equity Income Fund makes up approximately 5.9% of Vanguard Capital Wealth Advisors' portfolio, making the stock its 4th largest position. Vanguard Capital Wealth Advisors owned about 2.45% of Abrdn Emerging Markets Equity Income Fund worth $5,903,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in Abrdn Emerging Markets Equity Income Fund by 28.1% during the first quarter. PNC Financial Services Group Inc. now owns 12,026 shares of the company's stock valued at $60,000 after buying an additional 2,641 shares during the period. Paragon Capital Management Ltd purchased a new position in shares of Abrdn Emerging Markets Equity Income Fund during the 1st quarter valued at $72,000. Alpine Global Management LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund in the fourth quarter worth approximately $182,000. Integrated Capital Management Inc. purchased a new stake in Abrdn Emerging Markets Equity Income Fund in the first quarter worth $186,000. Finally, Readystate Asset Management LP purchased a new position in Abrdn Emerging Markets Equity Income Fund during the 1st quarter valued at $334,000. Institutional investors own 73.93% of the company's stock.

Abrdn Emerging Markets Equity Income Fund Stock Performance

Abrdn Emerging Markets Equity Income Fund stock traded down $0.01 on Monday, hitting $6.51. 92,419 shares of the stock traded hands, compared to its average volume of 185,787. The business's fifty day simple moving average is $6.16 and its 200 day simple moving average is $5.61. Abrdn Emerging Markets Equity Income Fund Inc has a 1 year low of $4.43 and a 1 year high of $6.59.

Abrdn Emerging Markets Equity Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date is Tuesday, September 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.