Kovitz Investment Group Partners LLC cut its position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) by 56.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,763 shares of the company's stock after selling 269,414 shares during the period. Kovitz Investment Group Partners LLC owned 0.40% of Abrdn Emerging Markets Equity Income Fund worth $1,058,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of AEF. PNC Financial Services Group Inc. increased its position in 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 last quarter. Guggenheim Capital LLC acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund during the 4th quarter worth approximately $57,000. National Bank of Canada FI raised its stake 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 during the period. Private Advisor Group LLC raised its stake in Abrdn Emerging Markets Equity Income Fund by 20.7% in the 4th quarter. Private Advisor Group LLC now owns 110,256 shares of the company's stock valued at $572,000 after acquiring an additional 18,935 shares during the period. Finally, Wolverine Asset Management LLC lifted its holdings in Abrdn Emerging Markets Equity Income Fund by 13.3% during the 4th quarter. Wolverine Asset Management LLC now owns 172,882 shares of the company's stock valued at $897,000 after purchasing an additional 20,254 shares during the last quarter. 73.93% of the stock is owned by institutional investors.
Abrdn Emerging Markets Equity Income Fund Price Performance
Shares of NYSE:AEF traded up $0.03 on Monday, hitting $5.34. The company had a trading volume of 17,234 shares, compared to its average volume of 133,696. The stock has a 50 day moving average price of $5.00 and a 200 day moving average price of $5.23. Abrdn Emerging Markets Equity Income Fund Inc has a 1-year low of $4.43 and a 1-year high of $5.84.
Abrdn Emerging Markets Equity Income Fund Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.60 dividend on an annualized basis and a yield of 11.25%. This is a positive change from Abrdn Emerging Markets Equity Income Fund's previous quarterly dividend of $0.10.
About Abrdn Emerging Markets Equity Income Fund
(
Free Report)
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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