Shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Get Free Report) rose 0.6% during trading on Wednesday . The company traded as high as $5.29 and last traded at $5.28. Approximately 70,037 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 79,856 shares. The stock had previously closed at $5.25.
Abrdn Emerging Markets Equity Income Fund Stock Up 1.1 %
The business's 50 day moving average price is $5.45 and its two-hundred day moving average price is $5.35.
Abrdn Emerging Markets Equity Income Fund Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 7.49%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Raymond James & Associates grew its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 49.8% during the second quarter. Raymond James & Associates now owns 748,689 shares of the company's stock worth $3,954,000 after purchasing an additional 249,052 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Abrdn Emerging Markets Equity Income Fund by 5.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,653,044 shares of the company's stock worth $29,854,000 after acquiring an additional 305,397 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in Abrdn Emerging Markets Equity Income Fund by 42.4% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 49,646 shares of the company's stock valued at $262,000 after acquiring an additional 14,780 shares during the period. City of London Investment Management Co. Ltd. raised its stake in shares of Abrdn Emerging Markets Equity Income Fund by 0.9% during the second 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 acquiring an additional 171,698 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund during the second quarter valued at $586,000. 73.93% of the stock is currently owned by institutional investors and hedge funds.
Abrdn Emerging Markets Equity Income Fund Company Profile
(
Get 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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