Vanguard Capital Wealth Advisors Has $3.16 Million Stock Position in Abrdn Emerging Markets Equity Income Fund Inc $AEF

Vanguard Capital Wealth Advisors decreased its position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 30.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 451,709 shares of the company’s stock after selling 195,276 shares during the period. Abrdn Emerging Markets Equity Income Fund comprises 2.5% of Vanguard Capital Wealth Advisors’ holdings, making the stock its 8th largest holding. Vanguard Capital Wealth Advisors owned approximately 1.11% of Abrdn Emerging Markets Equity Income Fund worth $3,162,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AEF. Creative Planning acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the 2nd quarter valued at $70,000. Quantedge Capital Pte Ltd raised its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 6.7% during the 2nd quarter. Quantedge Capital Pte Ltd now owns 60,700 shares of the company’s stock worth $361,000 after buying an additional 3,800 shares in the last quarter. Bank of America Corp DE lifted its position in shares of 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 buying an additional 1,824 shares during the last quarter. Shaker Financial Services LLC lifted its position in shares of Abrdn Emerging Markets Equity Income Fund by 17.2% during the 3rd quarter. Shaker Financial Services LLC now owns 94,331 shares of the company’s stock worth $611,000 after buying an additional 13,829 shares during the last quarter. Finally, TrueMark Investments LLC acquired a new stake in Abrdn Emerging Markets Equity Income Fund in the third quarter valued at about $613,000. 73.93% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Emerging Markets Equity Income Fund Trading Down 1.6%

Abrdn Emerging Markets Equity Income Fund stock opened at $7.38 on Friday. Abrdn Emerging Markets Equity Income Fund Inc has a 12-month low of $4.43 and a 12-month high of $8.93. The business’s 50-day moving average price is $7.93 and its two-hundred day moving average price is $7.21.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date was Tuesday, March 24th. This is an increase from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.18.

About Abrdn Emerging Markets Equity Income Fund

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.