Raymond James Financial Inc. Purchases Shares of 834,145 Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Raymond James Financial Inc. acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 834,145 shares of the company's stock, valued at approximately $4,329,000. Raymond James Financial Inc. owned 1.64% of Abrdn Emerging Markets Equity Income Fund at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC lifted its position in Abrdn Emerging Markets Equity Income Fund by 20.7% during the 4th quarter. Private Advisor Group LLC now owns 110,256 shares of the company's stock worth $572,000 after acquiring an additional 18,935 shares during the last quarter. Wolverine Asset Management LLC lifted its position in shares of 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 worth $897,000 after purchasing an additional 20,254 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund during the 3rd quarter worth about $2,631,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Abrdn Emerging Markets Equity Income Fund during the 3rd quarter valued at approximately $3,574,000. 73.93% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Emerging Markets Equity Income Fund Stock Performance

NYSE AEF traded down $0.10 during trading on Friday, hitting $5.00. The company's stock had a trading volume of 271,588 shares, compared to its average volume of 125,948. Abrdn Emerging Markets Equity Income Fund Inc has a 52 week low of $4.83 and a 52 week high of $5.84. The firm has a 50 day moving average price of $5.28 and a 200 day moving average price of $5.36.

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Abrdn Emerging Markets Equity Income Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be paid a $0.15 dividend. This is an increase from Abrdn Emerging Markets Equity Income Fund's previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, March 25th. This represents a $0.60 annualized dividend and a dividend yield of 12.00%.

Abrdn Emerging Markets Equity Income Fund Company 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.