Cetera Investment Advisers Buys 30,625 Shares of Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF)

Cetera Investment Advisers boosted its stake in shares of Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) by 4.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 689,163 shares of the company’s stock after acquiring an additional 30,625 shares during the period. Cetera Investment Advisers’ holdings in Abrdn Australia Equity Fund were worth $2,777,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its stake in Abrdn Australia Equity Fund by 105.9% during the first quarter. Golden State Wealth Management LLC now owns 9,218 shares of the company’s stock valued at $37,000 after purchasing an additional 4,742 shares in the last quarter. Sollinda Capital Management LLC purchased a new position in Abrdn Australia Equity Fund in the first quarter worth about $42,000. Arete Wealth Advisors LLC bought a new stake in Abrdn Australia Equity Fund during the fourth quarter worth approximately $45,000. Wells Fargo & Company MN raised its position in Abrdn Australia Equity Fund by 28.6% during the fourth quarter. Wells Fargo & Company MN now owns 15,263 shares of the company’s stock valued at $64,000 after purchasing an additional 3,397 shares during the period. Finally, Citadel Advisors LLC lifted its stake in shares of Abrdn Australia Equity Fund by 11.1% in the 4th quarter. Citadel Advisors LLC now owns 23,755 shares of the company’s stock valued at $100,000 after purchasing an additional 2,365 shares during the last quarter.

Abrdn Australia Equity Fund Stock Performance

IAF opened at $4.53 on Wednesday. The business has a fifty day moving average of $4.45 and a 200 day moving average of $4.24. Abrdn Australia Equity Fund Inc has a 52-week low of $3.35 and a 52-week high of $4.75.

Abrdn Australia Equity Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 22nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 10.6%.

Abrdn Australia Equity Fund Company 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.