Allspring Global Investments Holdings LLC Increases Holdings in Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF)

Allspring Global Investments Holdings LLC raised its stake in Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) by 8.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,898,703 shares of the company’s stock after buying an additional 223,926 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Abrdn Australia Equity Fund were worth $13,653,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cetera Advisors LLC acquired a new stake in shares of Abrdn Australia Equity Fund during the 1st quarter worth approximately $97,000. Karpus Management Inc. increased its stake in Abrdn Australia Equity Fund by 267.2% during the first quarter. Karpus Management Inc. now owns 52,625 shares of the company’s stock worth $224,000 after acquiring an additional 38,295 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in Abrdn Australia Equity Fund by 3.6% in the second quarter. Atria Wealth Solutions Inc. now owns 588,881 shares of the company’s stock valued at $2,550,000 after purchasing an additional 20,678 shares during the period.

Abrdn Australia Equity Fund Price Performance

NYSEAMERICAN IAF opened at $4.47 on Friday. Abrdn Australia Equity Fund Inc has a twelve month low of $3.60 and a twelve month high of $4.75.

Abrdn Australia Equity Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 23rd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.74%. The ex-dividend date was Friday, August 23rd.

Abrdn Australia Equity Fund Company Profile

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.