Shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Get Free Report) were up 0.4% on Tuesday . The company traded as high as $5.28 and last traded at $5.28. Approximately 249,815 shares changed hands during trading, an increase of 114% from the average daily volume of 116,479 shares. The stock had previously closed at $5.26.
Abrdn Emerging Markets Equity Income Fund Stock Down 0.6 %
The company has a fifty day simple moving average of $5.32 and a 200 day simple moving average of $5.36.
Abrdn Emerging Markets Equity Income Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.40 dividend on an annualized basis and a yield of 7.62%.
Institutional Investors Weigh In On Abrdn Emerging Markets Equity Income Fund
Several institutional investors and hedge funds have recently made changes to their positions in AEF. Wolverine Asset Management LLC raised its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 362.5% during the third quarter. Wolverine Asset Management LLC now owns 152,628 shares of the company's stock valued at $860,000 after purchasing an additional 119,630 shares during the last quarter. City of London Investment Management Co. Ltd. raised its stake in Abrdn Emerging Markets Equity Income Fund by 0.9% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 19,645,305 shares of the company's stock valued at $103,747,000 after buying an additional 171,698 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Abrdn Emerging Markets Equity Income Fund in the third quarter valued at about $3,574,000. Sanctuary Advisors LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund in the 2nd quarter worth approximately $586,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Abrdn Emerging Markets Equity Income Fund during the 3rd quarter worth $2,631,000. Institutional investors own 73.93% of the company's stock.
Abrdn Emerging Markets Equity Income Fund Company Profile
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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.
Further Reading
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