Private Advisor Group LLC Buys 2,618 Shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Private Advisor Group LLC increased its holdings in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 91,321 shares of the company’s stock after buying an additional 2,618 shares during the quarter. Private Advisor Group LLC’s holdings in Abrdn Emerging Markets Equity Income Fund were worth $515,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. City of London Investment Management Co. Ltd. increased its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 0.9% during the second quarter. City of London Investment Management Co. Ltd. now owns 19,645,305 shares of the company’s stock worth $103,747,000 after buying an additional 171,698 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 5.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,653,044 shares of the company’s stock valued at $29,854,000 after purchasing an additional 305,397 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 49.8% in the second quarter. Raymond James & Associates now owns 748,689 shares of the company’s stock valued at $3,954,000 after purchasing an additional 249,052 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the second quarter valued at approximately $586,000. Finally, Karpus Management Inc. increased its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 2.1% in the first quarter. Karpus Management Inc. now owns 338,715 shares of the company’s stock valued at $1,711,000 after purchasing an additional 7,015 shares in the last quarter. Institutional investors and hedge funds own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Stock Up 0.7 %

Shares of AEF stock opened at $5.40 on Tuesday. Abrdn Emerging Markets Equity Income Fund Inc has a 52-week low of $4.62 and a 52-week high of $5.84. The firm’s 50 day moving average price is $5.48 and its two-hundred day moving average price is $5.33.

Abrdn Emerging Markets Equity Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 7.41%.

About Abrdn Emerging Markets Equity Income Fund

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.