Wolverine Asset Management LLC Has $897,000 Holdings in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Wolverine Asset Management LLC increased its holdings in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 13.3% during the fourth quarter, HoldingsChannel reports. The fund owned 172,882 shares of the company’s stock after acquiring an additional 20,254 shares during the quarter. Wolverine Asset Management LLC’s holdings in Abrdn Emerging Markets Equity Income Fund were worth $897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its stake in Abrdn Emerging Markets Equity Income Fund by 3.0% in the 3rd quarter. Private Advisor Group LLC now owns 91,321 shares of the company’s stock valued at $515,000 after buying an additional 2,618 shares during the last quarter. Raymond James & Associates grew its stake in Abrdn Emerging Markets Equity Income Fund by 11.8% in the 3rd quarter. Raymond James & Associates now owns 837,068 shares of the company’s stock valued at $4,717,000 after buying an additional 88,379 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Abrdn Emerging Markets Equity Income Fund in the 3rd quarter valued at approximately $2,631,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Abrdn Emerging Markets Equity Income Fund in the 3rd quarter valued at approximately $3,574,000. Hedge funds and other institutional investors own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Stock Performance

AEF opened at $5.50 on Friday. The company has a fifty day moving average price of $5.35 and a 200-day moving average price of $5.38. Abrdn Emerging Markets Equity Income Fund Inc has a one year low of $4.83 and a one year high of $5.84.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.27%. The ex-dividend date of this dividend was Monday, December 30th.

About Abrdn Emerging Markets Equity Income Fund

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.