Raymond James & Associates Buys 88,379 Shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Raymond James & Associates lifted its stake in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 11.8% during the third quarter, HoldingsChannel.com reports. The firm owned 837,068 shares of the company’s stock after purchasing an additional 88,379 shares during the quarter. Raymond James & Associates’ holdings in Abrdn Emerging Markets Equity Income Fund were worth $4,717,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new position in Abrdn Emerging Markets Equity Income Fund in the 4th quarter valued at approximately $25,000. Blue Bell Private Wealth Management LLC lifted its position in Abrdn Emerging Markets Equity Income Fund by 42.4% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 49,646 shares of the company’s stock valued at $262,000 after acquiring an additional 14,780 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Abrdn Emerging Markets Equity Income Fund in the 2nd quarter valued at approximately $586,000. Karpus Management Inc. lifted its position in Abrdn Emerging Markets Equity Income Fund by 2.1% in the 1st quarter. Karpus Management Inc. now owns 338,715 shares of the company’s stock valued at $1,711,000 after acquiring an additional 7,015 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Abrdn Emerging Markets Equity Income Fund by 5.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,653,044 shares of the company’s stock valued at $29,854,000 after acquiring an additional 305,397 shares in the last quarter. 73.93% of the stock is owned by institutional investors.

Abrdn Emerging Markets Equity Income Fund Stock Down 0.6 %

AEF stock opened at $5.36 on Friday. Abrdn Emerging Markets Equity Income Fund Inc has a 12-month low of $4.51 and a 12-month high of $5.84. The stock’s 50 day simple moving average is $5.48 and its 200 day simple moving average is $5.32.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.40 annualized dividend and a yield of 7.46%.

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.