Shaker Financial Services LLC Grows Holdings in Abrdn Emerging Markets Equity Income Fund Inc $AEF

Shaker Financial Services LLC increased its position in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 17.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,502 shares of the company’s stock after acquiring an additional 12,000 shares during the quarter. Shaker Financial Services LLC owned about 0.20% of Abrdn Emerging Markets Equity Income Fund worth $478,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AEF. Vanguard Capital Wealth Advisors increased its holdings in Abrdn Emerging Markets Equity Income Fund by 241.3% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 993,754 shares of the company’s stock worth $5,903,000 after acquiring an additional 702,576 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in Abrdn Emerging Markets Equity Income Fund in the 1st quarter worth approximately $1,457,000. North Ground Capital increased its holdings in Abrdn Emerging Markets Equity Income Fund by 731.0% in the 1st quarter. North Ground Capital now owns 319,922 shares of the company’s stock worth $1,644,000 after acquiring an additional 281,422 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in Abrdn Emerging Markets Equity Income Fund by 147.7% in the 1st quarter. Wolverine Asset Management LLC now owns 428,231 shares of the company’s stock worth $2,124,000 after acquiring an additional 255,349 shares in the last quarter. Finally, Quarry LP purchased a new stake in Abrdn Emerging Markets Equity Income Fund in the 1st quarter worth approximately $942,000. 73.93% of the stock is owned by hedge funds and other institutional investors.

Abrdn Emerging Markets Equity Income Fund Stock Up 1.3%

Shares of AEF opened at $7.00 on Tuesday. Abrdn Emerging Markets Equity Income Fund Inc has a 1 year low of $4.43 and a 1 year high of $7.29. The company has a 50 day simple moving average of $6.48 and a two-hundred day simple moving average of $5.98.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend was Tuesday, September 23rd.

Abrdn Emerging Markets Equity Income Fund Company Profile

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.