Allspring Global Investments Holdings LLC trimmed its position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) by 5.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,832,002 shares of the company's stock after selling 368,042 shares during the quarter. Allspring Global Investments Holdings LLC owned about 11.49% of Abrdn Emerging Markets Equity Income Fund worth $29,802,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Atria Wealth Solutions Inc. purchased a new stake in Abrdn Emerging Markets Equity Income Fund during the 1st quarter valued at $74,000. UBS Group AG boosted its position in shares of Abrdn Emerging Markets Equity Income Fund by 33.6% during the third quarter. UBS Group AG now owns 20,130 shares of the company's stock valued at $92,000 after buying an additional 5,066 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in Abrdn Emerging Markets Equity Income Fund by 729.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 27,620 shares of the company's stock worth $132,000 after buying an additional 24,292 shares in the last quarter. Vista Investment Management raised its position in Abrdn Emerging Markets Equity Income Fund by 7.1% in the 1st quarter. Vista Investment Management now owns 39,932 shares of the company's stock worth $270,000 after buying an additional 2,659 shares during the last quarter. Finally, AQR Arbitrage LLC lifted its stake in Abrdn Emerging Markets Equity Income Fund by 259.4% during the 3rd quarter. AQR Arbitrage LLC now owns 62,366 shares of the company's stock valued at $297,000 after acquiring an additional 45,013 shares during the period. 73.93% of the stock is currently owned by institutional investors.
Abrdn Emerging Markets Equity Income Fund Trading Down 2.0 %
AEF stock traded down $0.10 on Friday, hitting $4.97. The company had a trading volume of 119,920 shares, compared to its average volume of 133,564. Abrdn Emerging Markets Equity Income Fund Inc has a 12-month low of $4.40 and a 12-month high of $5.53. The stock's 50-day simple moving average is $5.06 and its 200 day simple moving average is $4.90.
Abrdn Emerging Markets Equity Income Fund Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 21st were paid a $0.09 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.25%.
Abrdn Emerging Markets Equity Income Fund Company Profile
(
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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