AQR Arbitrage LLC Sells 16,219 Shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

AQR Arbitrage LLC cut its position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 15.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,507 shares of the company’s stock after selling 16,219 shares during the period. AQR Arbitrage LLC owned about 0.18% of Abrdn Emerging Markets Equity Income Fund worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of Abrdn Emerging Markets Equity Income Fund by 94.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,385 shares of the company’s stock valued at $49,000 after buying an additional 4,555 shares during the period. Guggenheim Capital LLC bought a new position in Abrdn Emerging Markets Equity Income Fund during the 4th quarter worth about $57,000. National Bank of Canada FI increased its position in Abrdn Emerging Markets Equity Income Fund by 1,402.3% during the 4th quarter. National Bank of Canada FI now owns 15,023 shares of the company’s stock valued at $78,000 after purchasing an additional 14,023 shares during the period. Alpine Global Management LLC bought a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the 4th quarter valued at about $182,000. Finally, HighTower Advisors LLC bought a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the 4th quarter valued at about $199,000. 73.93% of the stock is owned by institutional investors.

Abrdn Emerging Markets Equity Income Fund Trading Down 0.2 %

NYSE AEF opened at $5.16 on Friday. The firm’s 50 day moving average price is $5.00 and its 200-day moving average price is $5.23. Abrdn Emerging Markets Equity Income Fund Inc has a 52-week low of $4.43 and a 52-week high of $5.84.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 11.63%. The ex-dividend date of this dividend was Tuesday, March 25th. This is a boost from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.10.

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.