Public Employees Retirement System of Ohio Purchases New Position in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Public Employees Retirement System of Ohio acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 634,226 shares of the company's stock, valued at approximately $3,574,000. Public Employees Retirement System of Ohio owned approximately 1.25% of Abrdn Emerging Markets Equity Income Fund as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Private Advisor Group LLC increased its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 3.0% in the third quarter. Private Advisor Group LLC now owns 91,321 shares of the company's stock valued at $515,000 after purchasing an additional 2,618 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its stake 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 worth $262,000 after acquiring an additional 14,780 shares during the last quarter. Raymond James & Associates raised its holdings 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 worth $4,717,000 after acquiring an additional 88,379 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund during the 2nd quarter valued at about $586,000. Finally, Wolverine Asset Management LLC grew its holdings in shares of 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 valued at $860,000 after purchasing an additional 119,630 shares during the period. Institutional investors and hedge funds own 73.93% of the company's stock.

Abrdn Emerging Markets Equity Income Fund Stock Down 0.7 %

Shares of NYSE AEF traded down $0.04 during midday trading on Monday, reaching $5.43. 144,835 shares of the stock were exchanged, compared to its average volume of 82,706. Abrdn Emerging Markets Equity Income Fund Inc has a twelve month low of $4.72 and a twelve month high of $5.84. The company has a 50 day simple moving average of $5.40 and a 200 day simple moving average of $5.36.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.40 annualized dividend and a dividend yield of 7.37%.

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.