HighTower Advisors LLC Has $144,000 Stock Position in Abrdn Emerging Markets Equity Income Fund Inc $AEF

HighTower Advisors LLC reduced its stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 24.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,115 shares of the company’s stock after selling 9,280 shares during the quarter. HighTower Advisors LLC owned 0.07% of Abrdn Emerging Markets Equity Income Fund worth $144,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AEF. PNC Financial Services Group Inc. raised its stake in Abrdn Emerging Markets Equity Income Fund by 28.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,026 shares of the company’s stock valued at $60,000 after purchasing an additional 2,641 shares during the last quarter. Paragon Capital Management Ltd bought a new stake in Abrdn Emerging Markets Equity Income Fund during the 1st quarter worth about $72,000. Alpine Global Management LLC bought a new stake in Abrdn Emerging Markets Equity Income Fund during the 4th quarter worth about $182,000. Integrated Capital Management Inc. bought a new stake in Abrdn Emerging Markets Equity Income Fund during the 1st quarter worth about $186,000. Finally, Quantedge Capital Pte Ltd grew its holdings in Abrdn Emerging Markets Equity Income Fund by 21.2% during the 4th 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 last quarter. 73.93% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Emerging Markets Equity Income Fund Price Performance

Shares of Abrdn Emerging Markets Equity Income Fund stock opened at $6.11 on Friday. The firm has a 50 day simple moving average of $6.05 and a 200 day simple moving average of $5.53. Abrdn Emerging Markets Equity Income Fund Inc has a fifty-two week low of $4.43 and a fifty-two week high of $6.24.

Abrdn Emerging Markets Equity Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were paid 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 Company 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.