Covenant Partners LLC Takes Position in Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF)

Covenant Partners LLC bought a new position in Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,993 shares of the company’s stock, valued at approximately $52,000.

Other large investors have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. lifted its stake in Abrdn Australia Equity Fund by 3.6% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 588,881 shares of the company’s stock valued at $2,550,000 after acquiring an additional 20,678 shares in the last quarter. Cetera Advisors LLC purchased a new position in Abrdn Australia Equity Fund during the first quarter worth about $97,000. International Assets Investment Management LLC bought a new stake in Abrdn Australia Equity Fund in the 3rd quarter worth about $137,000. Karpus Management Inc. increased its stake in Abrdn Australia Equity Fund by 267.2% in the 1st quarter. Karpus Management Inc. now owns 52,625 shares of the company’s stock valued at $224,000 after buying an additional 38,295 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Abrdn Australia Equity Fund by 7.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,674,777 shares of the company’s stock worth $11,582,000 after buying an additional 174,918 shares in the last quarter.

Abrdn Australia Equity Fund Stock Up 0.2 %

Shares of IAF stock traded up $0.01 during trading on Friday, hitting $4.47. The company’s stock had a trading volume of 101,135 shares, compared to its average volume of 64,632. Abrdn Australia Equity Fund Inc has a 52 week low of $3.60 and a 52 week high of $4.75.

Abrdn Australia Equity Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 23rd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.74%. The ex-dividend date of this dividend was Friday, August 23rd.

About Abrdn Australia Equity Fund

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.