Wolverine Asset Management LLC Sells 413,872 Shares of Abrdn Emerging Markets Equity Income Fund Inc $AEF

Wolverine Asset Management LLC reduced its stake in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 96.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,359 shares of the company’s stock after selling 413,872 shares during the period. Wolverine Asset Management LLC’s holdings in Abrdn Emerging Markets Equity Income Fund were worth $85,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in shares of Abrdn Emerging Markets Equity Income Fund by 28.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,026 shares of the company’s stock valued at $60,000 after purchasing an additional 2,641 shares during the period. Uncommon Cents Investing LLC grew its stake in shares of Abrdn Emerging Markets Equity Income Fund by 1.6% in the 2nd quarter. Uncommon Cents Investing LLC now owns 323,426 shares of the company’s stock valued at $1,921,000 after purchasing an additional 5,045 shares during the period. Private Advisor Group LLC grew its stake in shares of Abrdn Emerging Markets Equity Income Fund by 28.8% in the 1st quarter. Private Advisor Group LLC now owns 142,044 shares of the company’s stock valued at $705,000 after purchasing an additional 31,788 shares during the period. National Bank of Canada FI grew its stake in shares of Abrdn Emerging Markets Equity Income Fund by 359.6% in the 1st quarter. National Bank of Canada FI now owns 69,048 shares of the company’s stock valued at $342,000 after purchasing an additional 54,025 shares during the period. Finally, Readystate Asset Management LP bought a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the 1st quarter valued at approximately $334,000. 73.93% of the stock is currently owned by institutional investors.

Abrdn Emerging Markets Equity Income Fund Trading Up 1.3%

AEF stock 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 business’s 50 day moving average is $6.48 and its 200-day moving average is $5.98.

Abrdn Emerging Markets Equity Income Fund Dividend Announcement

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

Abrdn Emerging Markets Equity Income Fund 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.