Peapack Gladstone Financial Corp Decreases Stock Position in Abrdn Japan Equity Fund Inc (NYSE:JEQ)

Peapack Gladstone Financial Corp decreased its holdings in shares of Abrdn Japan Equity Fund Inc (NYSE:JEQ) by 19.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 12,870 shares of the company’s stock after selling 3,045 shares during the period. Peapack Gladstone Financial Corp’s holdings in Abrdn Japan Equity Fund were worth $80,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Kovitz Investment Group Partners LLC acquired a new stake in Abrdn Japan Equity Fund in the 3rd quarter worth approximately $65,000. Sanctuary Advisors LLC acquired a new stake in shares of Abrdn Japan Equity Fund during the second quarter worth $155,000. Logan Stone Capital LLC purchased a new stake in shares of Abrdn Japan Equity Fund during the second quarter valued at $212,000. Shaker Financial Services LLC increased its position in shares of Abrdn Japan Equity Fund by 12.5% in the 2nd quarter. Shaker Financial Services LLC now owns 68,399 shares of the company’s stock valued at $402,000 after acquiring an additional 7,586 shares during the period. Finally, Successful Portfolios LLC raised its stake in Abrdn Japan Equity Fund by 4.0% in the 3rd quarter. Successful Portfolios LLC now owns 85,674 shares of the company’s stock worth $535,000 after acquiring an additional 3,271 shares during the last quarter. Institutional investors and hedge funds own 62.72% of the company’s stock.

Abrdn Japan Equity Fund Stock Down 0.7 %

Shares of JEQ opened at $5.81 on Tuesday. The stock has a 50-day moving average of $5.90 and a two-hundred day moving average of $5.95. Abrdn Japan Equity Fund Inc has a one year low of $5.27 and a one year high of $6.39.

Abrdn Japan Equity Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be given a $0.12 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.48 dividend on an annualized basis and a yield of 8.26%.

Abrdn Japan Equity Fund Profile

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.