Wolverine Asset Management LLC Acquires 24,244 Shares of Abrdn Japan Equity Fund Inc (NYSE:JEQ)

Wolverine Asset Management LLC increased its holdings in shares of Abrdn Japan Equity Fund Inc (NYSE:JEQ) by 239.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,383 shares of the company’s stock after acquiring an additional 24,244 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.25% of Abrdn Japan Equity Fund worth $197,000 as of its most recent SEC filing.

Separately, Successful Portfolios LLC purchased a new stake in Abrdn Japan Equity Fund during the fourth quarter valued at about $458,000. 62.72% of the stock is owned by institutional investors and hedge funds.

Abrdn Japan Equity Fund Stock Up 0.7 %

JEQ opened at $5.85 on Friday. Abrdn Japan Equity Fund Inc has a 12 month low of $4.99 and a 12 month high of $6.39. The company has a 50 day moving average of $6.10 and a 200 day moving average of $5.76.

Abrdn Japan Equity Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 22nd were issued a dividend of $0.11 per share. This is a boost from Abrdn Japan Equity Fund’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.44 dividend on an annualized basis and a yield of 7.52%.

Abrdn Japan Equity Fund Profile

Abrdn Japan Equity Fund Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It invests in the public equity markets of Japan. The fund invests in stocks of companies operating across diversified sectors. It employs quantitative analysis to build its portfolio.