Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Stake Increased by Wolverine Asset Management LLC

Wolverine Asset Management LLC lifted its stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Free Report) by 362.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,628 shares of the company's stock after acquiring an additional 119,630 shares during the quarter. Wolverine Asset Management LLC owned about 0.30% of Abrdn Emerging Markets Equity Income Fund worth $860,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEF. Blue Bell Private Wealth Management LLC raised 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 worth $262,000 after purchasing an additional 14,780 shares in the last quarter. Private Advisor Group LLC lifted its position 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 valued at $515,000 after acquiring an additional 2,618 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Abrdn Emerging Markets Equity Income Fund during the 2nd quarter worth $586,000. Karpus Management Inc. boosted its stake in shares of Abrdn Emerging Markets Equity Income Fund by 2.1% during the 1st quarter. Karpus Management Inc. now owns 338,715 shares of the company's stock worth $1,711,000 after acquiring an additional 7,015 shares in the last quarter. Finally, Raymond James & Associates grew 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 worth $3,954,000 after acquiring an additional 249,052 shares during the last quarter. Institutional investors own 73.93% of the company's stock.

Abrdn Emerging Markets Equity Income Fund Trading Down 0.3 %

Shares of NYSE AEF traded down $0.02 during mid-day trading on Wednesday, hitting $5.27. 26,014 shares of the company traded hands, compared to its average volume of 79,965. Abrdn Emerging Markets Equity Income Fund Inc has a 1 year low of $4.69 and a 1 year high of $5.84. The business has a 50 day moving average of $5.49 and a two-hundred day moving average of $5.35.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date was Monday, September 23rd.

About Abrdn Emerging Markets Equity Income Fund

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.