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

Vanguard Capital Wealth Advisors decreased its stake in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 34.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 646,985 shares of the company’s stock after selling 346,769 shares during the period. Abrdn Emerging Markets Equity Income Fund accounts for about 3.4% of Vanguard Capital Wealth Advisors’ holdings, making the stock its 5th biggest holding. Vanguard Capital Wealth Advisors’ holdings in Abrdn Emerging Markets Equity Income Fund were worth $4,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AEF. Creative Planning bought a new position in Abrdn Emerging Markets Equity Income Fund during the 2nd quarter worth approximately $70,000. Quantedge Capital Pte Ltd boosted its stake in shares of Abrdn Emerging Markets Equity Income Fund by 6.7% in the 2nd quarter. Quantedge Capital Pte Ltd now owns 60,700 shares of the company’s stock valued at $361,000 after purchasing an additional 3,800 shares during the last quarter. Shaker Financial Services LLC increased its position in shares of Abrdn Emerging Markets Equity Income Fund by 17.5% during the second quarter. Shaker Financial Services LLC now owns 80,502 shares of the company’s stock worth $478,000 after buying an additional 12,000 shares during the period. Bank of America Corp DE increased its position in shares of Abrdn Emerging Markets Equity Income Fund by 2.2% during the second 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 period. Finally, Uncommon Cents Investing LLC raised its stake in Abrdn Emerging Markets Equity Income Fund by 1.6% during the second quarter. Uncommon Cents Investing LLC now owns 323,426 shares of the company’s stock worth $1,921,000 after buying an additional 5,045 shares during the last quarter. 73.93% of the stock is owned by institutional investors and hedge funds.

Abrdn Emerging Markets Equity Income Fund Stock Up 1.3%

Shares of AEF opened at $7.71 on Friday. The firm’s fifty day simple moving average is $7.00 and its two-hundred day simple moving average is $6.57. Abrdn Emerging Markets Equity Income Fund Inc has a 12 month low of $4.43 and a 12 month high of $7.74.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Wednesday, December 31st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 9.3%. The ex-dividend date was Wednesday, December 31st. This is a positive change from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.17.

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.