Abrdn Australia Equity Fund Inc $IAF Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its position in Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) by 52.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,336 shares of the company’s stock after selling 12,636 shares during the period. Atria Wealth Solutions Inc.’s holdings in Abrdn Australia Equity Fund were worth $46,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Citadel Advisors LLC increased its position in Abrdn Australia Equity Fund by 11.1% during the fourth quarter. Citadel Advisors LLC now owns 23,755 shares of the company’s stock worth $100,000 after buying an additional 2,365 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Abrdn Australia Equity Fund by 11.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,759,722 shares of the company’s stock worth $15,152,000 after buying an additional 375,386 shares in the last quarter. Sollinda Capital Management LLC purchased a new position in Abrdn Australia Equity Fund during the first quarter worth $42,000. Wells Fargo & Company MN increased 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 worth $64,000 after buying an additional 3,397 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in Abrdn Australia Equity Fund by 4.7% during the first quarter. Cetera Investment Advisers now owns 689,163 shares of the company’s stock worth $2,777,000 after buying an additional 30,625 shares in the last quarter.

Abrdn Australia Equity Fund Price Performance

Abrdn Australia Equity Fund stock opened at $4.63 on Monday. The stock has a fifty day moving average of $4.49 and a two-hundred day moving average of $4.27. Abrdn Australia Equity Fund Inc has a fifty-two week low of $3.35 and a fifty-two week high of $4.75.

Abrdn Australia Equity Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd were issued a $0.12 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 10.4%.

About Abrdn Australia Equity Fund

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.