Closed End Fund Advisors Inc. Takes $541,000 Position in Abrdn Emerging Markets Equity Income Fund Inc $AEF

Closed End Fund Advisors Inc. purchased a new stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 77,299 shares of the company’s stock, valued at approximately $541,000. Closed End Fund Advisors Inc. owned approximately 0.19% of Abrdn Emerging Markets Equity Income Fund at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEF. Creative Planning bought a new stake in Abrdn Emerging Markets Equity Income Fund during the 2nd quarter valued at $70,000. Bank of America Corp DE increased its stake in Abrdn Emerging Markets Equity Income Fund by 2.2% during the 2nd quarter. Bank of America Corp DE now owns 85,987 shares of the company’s stock valued at $511,000 after purchasing an additional 1,824 shares in the last quarter. Alpine Global Management LLC bought a new stake in Abrdn Emerging Markets Equity Income Fund during the 3rd quarter valued at $648,000. TrueMark Investments LLC increased its stake in Abrdn Emerging Markets Equity Income Fund by 2.5% during the 4th quarter. TrueMark Investments LLC now owns 97,049 shares of the company’s stock valued at $679,000 after purchasing an additional 2,387 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in Abrdn Emerging Markets Equity Income Fund by 27.8% during 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 in the last quarter. Institutional investors own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Stock Performance

Shares of AEF stock opened at $8.92 on Friday. The firm has a fifty day simple moving average of $8.86 and a two-hundred day simple moving average of $7.97. Abrdn Emerging Markets Equity Income Fund Inc has a 12 month low of $5.51 and a 12 month high of $10.14.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.21 per share. This is a boost from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.18. The ex-dividend date was Tuesday, March 24th. This represents a $0.84 dividend on an annualized basis and a yield of 9.4%.

Abrdn Emerging Markets Equity Income Fund Company Profile

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.