Allspring Global Investments Holdings LLC Trims Stock Position in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Allspring Global Investments Holdings LLC decreased its stake in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,055,631 shares of the company’s stock after selling 310,694 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 9.96% of Abrdn Emerging Markets Equity Income Fund worth $26,239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEF. Raymond James & Associates boosted its position in Abrdn Emerging Markets Equity Income Fund by 11.8% in the 3rd quarter. Raymond James & Associates now owns 837,068 shares of the company’s stock worth $4,717,000 after purchasing an additional 88,379 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund in the 3rd quarter valued at $3,574,000. Kovitz Investment Group Partners LLC purchased a new stake in Abrdn Emerging Markets Equity Income Fund during the third quarter worth $2,631,000. Wolverine Asset Management LLC grew its position in Abrdn Emerging Markets Equity Income Fund by 362.5% during the third quarter. Wolverine Asset Management LLC now owns 152,628 shares of the company’s stock valued at $860,000 after buying an additional 119,630 shares during the period. Finally, Private Advisor Group LLC increased its holdings in Abrdn Emerging Markets Equity Income Fund by 3.0% in the third quarter. Private Advisor Group LLC now owns 91,321 shares of the company’s stock valued at $515,000 after buying an additional 2,618 shares in the last quarter. 73.93% of the stock is owned by institutional investors and hedge funds.

Abrdn Emerging Markets Equity Income Fund Trading Up 0.9 %

Shares of Abrdn Emerging Markets Equity Income Fund stock opened at $5.52 on Friday. The firm has a 50-day simple moving average of $5.34 and a two-hundred day simple moving average of $5.36. Abrdn Emerging Markets Equity Income Fund Inc has a fifty-two week low of $4.83 and a fifty-two week high of $5.84.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were given a dividend of $0.10 per share. The ex-dividend date was Monday, December 30th. This represents a $0.40 dividend on an annualized basis and a yield of 7.25%.

Abrdn Emerging Markets Equity Income Fund 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.