Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Shares Purchased by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC grew its position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 260,329 shares of the company’s stock after acquiring an additional 21,289 shares during the quarter. Uncommon Cents Investing LLC owned about 0.51% of Abrdn Emerging Markets Equity Income Fund worth $1,330,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AEF. City of London Investment Management Co. Ltd. increased its position in Abrdn Emerging Markets Equity Income Fund by 3.8% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 17,194,553 shares of the company’s stock worth $82,018,000 after purchasing an additional 630,543 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Abrdn Emerging Markets Equity Income Fund by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,200,044 shares of the company’s stock valued at $29,574,000 after acquiring an additional 50,289 shares during the period. Raymond James & Associates lifted its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 25.7% during the 4th quarter. Raymond James & Associates now owns 615,276 shares of the company’s stock valued at $3,144,000 after acquiring an additional 125,976 shares in the last quarter. AQR Arbitrage LLC boosted its position in Abrdn Emerging Markets Equity Income Fund by 259.4% during the 3rd quarter. AQR Arbitrage LLC now owns 62,366 shares of the company’s stock worth $297,000 after purchasing an additional 45,013 shares during the period. Finally, Invesco Ltd. increased its holdings in Abrdn Emerging Markets Equity Income Fund by 5.7% in the 1st quarter. Invesco Ltd. now owns 57,808 shares of the company’s stock valued at $391,000 after purchasing an additional 3,121 shares in the last quarter. 73.93% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Emerging Markets Equity Income Fund Trading Up 0.4 %

Shares of NYSE:AEF opened at $5.06 on Friday. The business’s 50-day simple moving average is $5.01 and its 200 day simple moving average is $4.89. Abrdn Emerging Markets Equity Income Fund Inc has a one year low of $4.40 and a one year high of $5.53.

Abrdn Emerging Markets Equity Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 21st were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.11%.

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.