Abrdn Emerging Markets Equity Income Fund (NYSE:AEF) Shares Down 0.2% – Time to Sell?

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) was down 0.2% on Friday . The stock traded as low as $8.68 and last traded at $8.71. Approximately 118,470 shares traded hands during trading, a decline of 45% from the average daily volume of 215,581 shares. The stock had previously closed at $8.73.

Abrdn Emerging Markets Equity Income Fund Price Performance

The business has a 50-day moving average of $7.76 and a 200-day moving average of $6.97.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st were issued a $0.18 dividend. This is a boost from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, December 31st. This represents a $0.72 annualized dividend and a dividend yield of 8.3%.

Hedge Funds Weigh In On Abrdn Emerging Markets Equity Income Fund

Hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. bought a new stake in Abrdn Emerging Markets Equity Income Fund in the fourth quarter worth about $274,000. Evolve Private Wealth LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund during the fourth quarter valued at approximately $783,000. Guggenheim Capital LLC raised its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 105.1% in the fourth quarter. Guggenheim Capital LLC now owns 171,690 shares of the company’s stock worth $1,202,000 after buying an additional 87,965 shares during the period. Royal Bank of Canada lifted its stake in shares of Abrdn Emerging Markets Equity Income Fund by 24.5% during the 4th quarter. Royal Bank of Canada now owns 12,971 shares of the company’s stock worth $91,000 after acquiring an additional 2,556 shares during the last quarter. Finally, Bard Associates Inc. purchased a new position in Abrdn Emerging Markets Equity Income Fund during the 4th quarter valued at $57,000. 73.93% of the stock is currently owned by institutional investors.

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.