Wolverine Asset Management LLC increased its holdings in Abrdn Japan Equity Fund Inc (NYSE:JEQ - Free Report) by 77.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,606 shares of the company's stock after buying an additional 72,496 shares during the period. Wolverine Asset Management LLC owned about 1.20% of Abrdn Japan Equity Fund worth $952,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of JEQ. Matisse Capital raised its position in shares of Abrdn Japan Equity Fund by 17.0% in the 4th quarter. Matisse Capital now owns 201,263 shares of the company's stock worth $1,157,000 after acquiring an additional 29,263 shares in the last quarter. Landscape Capital Management L.L.C. raised 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 worth $613,000 after purchasing an additional 44,964 shares in the last quarter. Shaker Financial Services LLC lifted its position 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 buying an additional 17,400 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Abrdn Japan Equity Fund during the third quarter valued at about $65,000. Hedge funds and other institutional investors own 62.72% of the company's stock.
Abrdn Japan Equity Fund Stock Up 0.3 %
Shares of Abrdn Japan Equity Fund stock traded up $0.02 on Wednesday, reaching $5.83. The stock had a trading volume of 59,946 shares, compared to its average volume of 42,126. The company has a 50 day moving average price of $5.79 and a 200 day moving average price of $5.92. Abrdn Japan Equity Fund Inc has a 1 year low of $5.27 and a 1 year high of $6.39.
Abrdn Japan Equity Fund Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 21st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 7.55%. The ex-dividend date of this dividend is Friday, February 21st.
Abrdn Japan Equity Fund 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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