Abrdn Emerging Markets Equity Income Fund (NYSE:AEF) Trading Up 0.4% – Should You Buy?

Shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) traded up 0.4% on Tuesday . The stock traded as high as $5.28 and last traded at $5.28. 249,815 shares traded hands during trading, an increase of 114% from the average session volume of 116,479 shares. The stock had previously closed at $5.26.

Abrdn Emerging Markets Equity Income Fund Trading Down 0.6 %

The business has a fifty day moving average of $5.32 and a 200-day moving average of $5.36.

Abrdn Emerging Markets Equity Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.40 annualized dividend and a dividend yield of 7.62%.

Institutional Investors Weigh In On Abrdn Emerging Markets Equity Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of AEF. Private Advisor Group LLC grew its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 3.0% in the 3rd quarter. Private Advisor Group LLC now owns 91,321 shares of the company’s stock worth $515,000 after acquiring an additional 2,618 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund in the 2nd quarter valued at $586,000. Wolverine Asset Management LLC increased its stake in Abrdn Emerging Markets Equity Income Fund by 362.5% in the 3rd quarter. Wolverine Asset Management LLC now owns 152,628 shares of the company’s stock worth $860,000 after purchasing an additional 119,630 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Abrdn Emerging Markets Equity Income Fund during the 3rd quarter worth about $2,631,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Abrdn Emerging Markets Equity Income Fund during the third quarter valued at about $3,574,000. Institutional investors and hedge funds own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Company Profile

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.