Citadel Advisors LLC Increases Position in Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF)

Citadel Advisors LLC grew its stake in shares of Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) by 11.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,755 shares of the company’s stock after acquiring an additional 2,365 shares during the period. Citadel Advisors LLC’s holdings in Abrdn Australia Equity Fund were worth $100,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of Abrdn Australia Equity Fund by 16.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,384,336 shares of the company’s stock valued at $14,181,000 after buying an additional 485,633 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in Abrdn Australia Equity Fund by 167.3% in the 4th quarter. Wolverine Asset Management LLC now owns 87,675 shares of the company’s stock valued at $367,000 after buying an additional 54,876 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Abrdn Australia Equity Fund in the 4th quarter worth approximately $127,000. 1607 Capital Partners LLC lifted its stake in Abrdn Australia Equity Fund by 1.1% in the 4th quarter. 1607 Capital Partners LLC now owns 2,301,525 shares of the company’s stock worth $9,644,000 after purchasing an additional 24,712 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new position in Abrdn Australia Equity Fund in the fourth quarter worth approximately $100,000.

Abrdn Australia Equity Fund Price Performance

Shares of NYSEAMERICAN IAF opened at $4.40 on Tuesday. Abrdn Australia Equity Fund Inc has a 52-week low of $3.35 and a 52-week high of $4.75. The business’s 50 day moving average is $4.12 and its two-hundred day moving average is $4.21.

Abrdn Australia Equity Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 22nd will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.91%.

Abrdn Australia Equity Fund Profile

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.