Shares of Abrdn Japan Equity Fund Inc (NYSE:JEQ - Get Free Report) fell 0.3% on Tuesday . The company traded as low as $5.77 and last traded at $5.77. 18,228 shares were traded during trading, an increase of 10% from the average session volume of 16,532 shares. The stock had previously closed at $5.79.
Abrdn Japan Equity Fund Price Performance
The firm has a 50-day moving average price of $5.82 and a 200-day moving average price of $5.94.
Abrdn Japan Equity Fund Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 8.29%. The ex-dividend date is Thursday, November 21st.
Hedge Funds Weigh In On Abrdn Japan Equity Fund
Large investors have recently made changes to their positions in the business. Landscape Capital Management L.L.C. raised its holdings 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 worth $613,000 after buying an additional 44,964 shares during the last quarter. Logan Stone Capital LLC bought a new position in Abrdn Japan Equity Fund in the 2nd quarter valued at approximately $212,000. City of London Investment Management Co. Ltd. lifted its position in Abrdn Japan Equity Fund by 23.3% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 145,213 shares of the company's stock valued at $852,000 after acquiring an additional 27,425 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Abrdn Japan Equity Fund during the 2nd quarter valued at $155,000. Finally, Shaker Financial Services LLC increased its holdings in shares of Abrdn Japan Equity Fund by 25.4% in the 3rd quarter. Shaker Financial Services LLC now owns 85,799 shares of the company's stock worth $536,000 after purchasing an additional 17,400 shares in the last quarter. 62.72% of the stock is currently owned by hedge funds and other institutional investors.
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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