Kovitz Investment Group Partners LLC Trims Stock Position in Abrdn Emerging Markets Equity Income Fund Inc $AEF

Kovitz Investment Group Partners LLC cut its stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 94.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,100 shares of the company’s stock after selling 192,663 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Abrdn Emerging Markets Equity Income Fund were worth $55,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. increased its position in shares of Abrdn Emerging Markets Equity Income Fund by 28.1% during the first quarter. PNC Financial Services Group Inc. now owns 12,026 shares of the company’s stock worth $60,000 after acquiring an additional 2,641 shares during the period. Guggenheim Capital LLC purchased a new position in shares of Abrdn Emerging Markets Equity Income Fund during the fourth quarter worth approximately $57,000. Quantedge Capital Pte Ltd increased its position in shares of Abrdn Emerging Markets Equity Income Fund by 21.2% during the fourth quarter. Quantedge Capital Pte Ltd now owns 63,000 shares of the company’s stock worth $327,000 after acquiring an additional 11,000 shares during the period. Matisse Capital increased its position in shares of Abrdn Emerging Markets Equity Income Fund by 10.9% during the first quarter. Matisse Capital now owns 116,975 shares of the company’s stock worth $580,000 after acquiring an additional 11,489 shares during the period. Finally, Paragon Capital Management Ltd purchased a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the 1st quarter worth approximately $72,000. 73.93% of the stock is owned by hedge funds and other institutional investors.

Abrdn Emerging Markets Equity Income Fund Stock Up 2.0%

Shares of AEF opened at $6.12 on Friday. The company has a 50 day moving average price of $5.98 and a 200-day moving average price of $5.48. Abrdn Emerging Markets Equity Income Fund Inc has a fifty-two week low of $4.43 and a fifty-two week high of $6.22.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend was Monday, June 23rd.

Abrdn Emerging Markets Equity Income Fund 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.