Allspring Global Investments Holdings LLC decreased its stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,055,631 shares of the company's stock after selling 310,694 shares during the quarter. Allspring Global Investments Holdings LLC owned 9.96% of Abrdn Emerging Markets Equity Income Fund worth $26,239,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the stock. Wolverine Asset Management LLC lifted its position in Abrdn Emerging Markets Equity Income Fund by 362.5% in the third quarter. Wolverine Asset Management LLC now owns 152,628 shares of the company's stock worth $860,000 after purchasing an additional 119,630 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Abrdn Emerging Markets Equity Income Fund in the 3rd quarter valued at $3,574,000. Kovitz Investment Group Partners LLC acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund in the 3rd quarter valued at $2,631,000. Private Advisor Group LLC lifted its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 3.0% during the 3rd quarter. Private Advisor Group LLC now owns 91,321 shares of the company's stock worth $515,000 after acquiring an additional 2,618 shares during the period. Finally, Raymond James & Associates boosted its position in shares of Abrdn Emerging Markets Equity Income Fund by 11.8% during the 3rd quarter. Raymond James & Associates now owns 837,068 shares of the company's stock valued at $4,717,000 after acquiring an additional 88,379 shares in the last quarter. Institutional investors and hedge funds own 73.93% of the company's stock.
Abrdn Emerging Markets Equity Income Fund Stock Performance
NYSE AEF traded up $0.02 on Wednesday, reaching $5.57. The company's stock had a trading volume of 165,223 shares, compared to its average volume of 259,698. Abrdn Emerging Markets Equity Income Fund Inc has a 52 week low of $4.83 and a 52 week high of $5.84. The business has a 50-day moving average price of $5.34 and a 200 day moving average price of $5.37.
Abrdn Emerging Markets Equity Income Fund Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 30th were paid a $0.10 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.40 annualized dividend and a dividend yield of 7.19%.
Abrdn Emerging Markets Equity Income Fund Profile
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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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