Allspring Global Investments Holdings LLC decreased its position in Abrdn Japan Equity Fund Inc (NYSE:JEQ - Free Report) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,216,016 shares of the company's stock after selling 110,493 shares during the period. Allspring Global Investments Holdings LLC owned about 16.00% of Abrdn Japan Equity Fund worth $12,742,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of JEQ. Landscape Capital Management L.L.C. grew 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 valued at $613,000 after purchasing an additional 44,964 shares during the last quarter. Matisse Capital boosted its stake in shares of Abrdn Japan Equity Fund by 17.0% during the fourth quarter. Matisse Capital now owns 201,263 shares of the company's stock valued at $1,157,000 after acquiring an additional 29,263 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Abrdn Japan Equity Fund during the second quarter valued at $155,000. Shaker Financial Services LLC boosted its stake in shares of Abrdn Japan Equity Fund by 25.4% during 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 last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Abrdn Japan Equity Fund during the third quarter valued at $65,000. Institutional investors and hedge funds own 62.72% of the company's stock.
Abrdn Japan Equity Fund Stock Down 1.9 %
Shares of JEQ traded down $0.11 during trading hours on Friday, reaching $5.81. 44,557 shares of the company traded hands, compared to its average volume of 41,311. Abrdn Japan Equity Fund Inc has a fifty-two week low of $5.27 and a fifty-two week high of $6.39. The stock has a fifty day simple moving average of $5.79 and a 200 day simple moving average of $5.91.
Abrdn Japan Equity Fund Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 21st will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date of this dividend is Friday, February 21st.
Abrdn Japan Equity Fund Company Profile
(
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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