Kovitz Investment Group Partners LLC Makes New Investment in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Kovitz Investment Group Partners LLC acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 473,177 shares of the company's stock, valued at approximately $2,631,000. Kovitz Investment Group Partners LLC owned approximately 0.93% of Abrdn Emerging Markets Equity Income Fund at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEF. Blue Bell Private Wealth Management LLC increased its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 42.4% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 49,646 shares of the company's stock valued at $262,000 after acquiring an additional 14,780 shares during the period. Private Advisor Group LLC increased its holdings in shares of 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 acquiring an additional 2,618 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund in the 2nd quarter valued at $586,000. Wolverine Asset Management LLC increased its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 362.5% in the 3rd quarter. Wolverine Asset Management LLC now owns 152,628 shares of the company's stock valued at $860,000 after acquiring an additional 119,630 shares during the period. Finally, Raymond James & Associates increased its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 49.8% in the 2nd quarter. Raymond James & Associates now owns 748,689 shares of the company's stock valued at $3,954,000 after acquiring an additional 249,052 shares during the period. Institutional investors and hedge funds own 73.93% of the company's stock.

Abrdn Emerging Markets Equity Income Fund Stock Performance

NYSE:AEF traded down $0.12 during midday trading on Tuesday, reaching $5.32. The stock had a trading volume of 134,574 shares, compared to its average volume of 80,250. The firm has a fifty day simple moving average of $5.44 and a two-hundred day simple moving average of $5.35. Abrdn Emerging Markets Equity Income Fund Inc has a 12-month low of $4.72 and a 12-month high of $5.84.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 7.52%.

Abrdn Emerging Markets Equity Income Fund Company Profile

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.