Shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Get Free Report) traded up 0.2% during trading on Wednesday . The stock traded as high as $5.41 and last traded at $5.37. 278,774 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 192,732 shares. The stock had previously closed at $5.36.
Abrdn Emerging Markets Equity Income Fund Price Performance
The firm's 50-day moving average is $5.30 and its 200 day moving average is $5.35.
Abrdn Emerging Markets Equity Income Fund Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Monday, December 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.40 annualized dividend and a yield of 7.49%.
Institutional Trading of Abrdn Emerging Markets Equity Income Fund
Institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC raised its position in Abrdn Emerging Markets Equity Income Fund by 3.0% in the 3rd quarter. Private Advisor Group LLC now owns 91,321 shares of the company's stock valued at $515,000 after purchasing an additional 2,618 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Abrdn Emerging Markets Equity Income Fund during the 2nd quarter worth $586,000. Wolverine Asset Management LLC raised its position in Abrdn Emerging Markets Equity Income Fund by 362.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 152,628 shares of the company's stock worth $860,000 after buying an additional 119,630 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Abrdn Emerging Markets Equity Income Fund during the 3rd quarter worth $2,631,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Abrdn Emerging Markets Equity Income Fund during the 3rd quarter worth $3,574,000. Hedge funds and other institutional investors own 73.93% of the company's stock.
About Abrdn Emerging Markets Equity Income Fund
(
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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