Public Employees Retirement System of Ohio Sells 255,418 Shares of Abrdn Emerging Markets Equity Income Fund Inc $AEF

Public Employees Retirement System of Ohio trimmed its position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 63.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 149,520 shares of the company’s stock after selling 255,418 shares during the period. Public Employees Retirement System of Ohio’s holdings in Abrdn Emerging Markets Equity Income Fund were worth $1,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its stake in Abrdn Emerging Markets Equity Income Fund by 7.4% in the first quarter. Private Advisor Group LLC now owns 191,749 shares of the company’s stock valued at $1,398,000 after acquiring an additional 13,205 shares during the last quarter. Guggenheim Capital LLC grew its position in shares of Abrdn Emerging Markets Equity Income Fund by 105.1% in the 4th quarter. Guggenheim Capital LLC now owns 171,690 shares of the company’s stock valued at $1,202,000 after acquiring an additional 87,965 shares during the period. North Ground Capital increased its stake in shares of Abrdn Emerging Markets Equity Income Fund by 10.4% during the 4th quarter. North Ground Capital now owns 152,370 shares of the company’s stock worth $1,067,000 after purchasing an additional 14,332 shares during the last quarter. LPL Financial LLC increased its stake in shares of Abrdn Emerging Markets Equity Income Fund by 312.7% during the 4th quarter. LPL Financial LLC now owns 143,509 shares of the company’s stock worth $1,005,000 after purchasing an additional 108,738 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 27.8% in the 3rd quarter. National Bank of Canada FI now owns 140,524 shares of the company’s stock valued at $911,000 after purchasing an additional 30,543 shares during the period. 73.93% of the stock is owned by institutional investors.

Abrdn Emerging Markets Equity Income Fund Trading Up 1.3%

Abrdn Emerging Markets Equity Income Fund stock opened at $8.89 on Tuesday. The stock has a 50-day simple moving average of $9.27 and a 200 day simple moving average of $8.62. Abrdn Emerging Markets Equity Income Fund Inc has a 52 week low of $5.96 and a 52 week high of $10.14.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This is a positive change from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 10.3%.

About Abrdn Emerging Markets Equity Income Fund

Abrdn Emerging Markets Equity Income Fund (NYSE:AEF) is a closed‐end investment company that seeks to provide investors with a combination of current income and long-term capital appreciation by investing primarily in dividend-paying equities of companies located in emerging market countries. The fund offers investors access to a diversified portfolio of stocks across Asia, Latin America, Eastern Europe, the Middle East and Africa, targeting firms with strong cash flow characteristics and sustainable payout policies.

The investment process combines bottom-up fundamental research with a disciplined focus on income generation.