Abrdn Japan Equity Fund Inc (NYSE:JEQ - Get Free Report)'s share price dropped 0.8% during trading on Wednesday . The company traded as low as $5.76 and last traded at $5.81. Approximately 13,272 shares changed hands during trading, a decline of 58% from the average daily volume of 31,471 shares. The stock had previously closed at $5.85.
Abrdn Japan Equity Fund Stock Performance
The business has a 50 day moving average of $5.78 and a 200 day moving average of $5.92.
Abrdn Japan Equity Fund Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, November 21st were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.28%.
Institutional Investors Weigh In On Abrdn Japan Equity Fund
A number of institutional investors have recently made changes to their positions in JEQ. Kovitz Investment Group Partners LLC acquired a new position in Abrdn Japan Equity Fund in the third quarter valued at about $65,000. Sanctuary Advisors LLC acquired a new position in Abrdn Japan Equity Fund in the second quarter valued at about $155,000. Successful Portfolios LLC grew its stake in Abrdn Japan Equity Fund by 4.0% in the third quarter. Successful Portfolios LLC now owns 85,674 shares of the company's stock valued at $535,000 after acquiring an additional 3,271 shares during the period. Shaker Financial Services LLC grew its stake in Abrdn Japan Equity Fund by 25.4% in the third quarter. Shaker Financial Services LLC now owns 85,799 shares of the company's stock valued at $536,000 after acquiring an additional 17,400 shares during the period. Finally, Landscape Capital Management L.L.C. grew its stake in Abrdn Japan Equity Fund by 84.5% in the third quarter. Landscape Capital Management L.L.C. now owns 98,148 shares of the company's stock valued at $613,000 after acquiring an additional 44,964 shares during the period. 62.72% of the stock is owned by institutional investors and hedge funds.
Abrdn Japan Equity Fund Company Profile
(
Get Free Report)
Abrdn Japan Equity Fund Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It invests in the public equity markets of Japan. The fund invests in stocks of companies operating across diversified sectors. It employs quantitative analysis to build its portfolio.
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