Closed End Fund Advisors Inc. Makes New $541,000 Investment in Abrdn Emerging Markets Equity Income Fund Inc $AEF

Closed End Fund Advisors Inc. acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 77,299 shares of the company’s stock, valued at approximately $541,000.

A number of other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings 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 worth $511,000 after acquiring an additional 1,824 shares during the last quarter. TrueMark Investments LLC boosted its holdings 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 worth $679,000 after acquiring an additional 2,387 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Abrdn Emerging Markets Equity Income Fund by 7.1% during the 3rd quarter. Private Advisor Group LLC now owns 172,544 shares of the company’s stock worth $1,118,000 after acquiring an additional 11,500 shares during the last quarter. Creative Planning purchased a new position in Abrdn Emerging Markets Equity Income Fund during the 2nd quarter worth $70,000. Finally, National Bank of Canada FI boosted its holdings 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 worth $911,000 after acquiring an additional 30,543 shares during the last quarter. 73.93% of the stock is owned by hedge funds and other institutional investors.

Abrdn Emerging Markets Equity Income Fund Stock Down 6.8%

AEF opened at $8.92 on Friday. The firm’s fifty day moving average price is $8.86 and its two-hundred day moving average price is $7.97. Abrdn Emerging Markets Equity Income Fund Inc has a 1 year low of $5.51 and a 1 year high of $10.14.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

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

Abrdn Emerging Markets Equity Income Fund 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.