Abrdn Emerging Markets Equity Income Fund (NYSE:AEF) Shares Up 0.2% – What’s Next?

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)’s share price rose 0.2% during mid-day trading on Wednesday . The stock traded as high as $5.41 and last traded at $5.37. Approximately 278,774 shares traded hands during trading, an increase of 45% from the average daily volume of 192,732 shares. The stock had previously closed at $5.36.

Abrdn Emerging Markets Equity Income Fund Stock Performance

The firm’s 50-day simple moving average is $5.29 and its 200-day simple moving average is $5.35.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Monday, December 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.40 annualized dividend and a yield of 7.45%.

Institutional Investors Weigh In On Abrdn Emerging Markets Equity Income Fund

A number of large investors have recently added to or reduced their stakes in AEF. Public Employees Retirement System of Ohio purchased a new position in Abrdn Emerging Markets Equity Income Fund in the 3rd quarter worth $3,574,000. Kovitz Investment Group Partners LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund during the third quarter valued at about $2,631,000. Wolverine Asset Management LLC increased 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 worth $860,000 after buying an additional 119,630 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the 2nd quarter valued at about $586,000. Finally, Raymond James & Associates boosted its holdings in 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 valued at $4,717,000 after acquiring an additional 88,379 shares during the period. Hedge funds and other institutional investors own 73.93% of the company’s stock.

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.