Public Employees Retirement System of Ohio Has $2.58 Million Stock Position in Abrdn Emerging Markets Equity Income Fund Inc $AEF

Public Employees Retirement System of Ohio reduced its position in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 5.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 433,700 shares of the company’s stock after selling 25,322 shares during the period. Public Employees Retirement System of Ohio owned about 1.07% of Abrdn Emerging Markets Equity Income Fund worth $2,576,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AEF. Vanguard Capital Wealth Advisors acquired a new stake in Abrdn Emerging Markets Equity Income Fund during the first quarter worth approximately $1,444,000. Park Avenue Securities LLC acquired a new stake in Abrdn Emerging Markets Equity Income Fund during the first quarter worth approximately $1,350,000. Paragon Capital Management Ltd acquired a new stake in Abrdn Emerging Markets Equity Income Fund during the first quarter worth approximately $72,000. Uncommon Cents Investing LLC lifted its position in Abrdn Emerging Markets Equity Income Fund by 10.8% during the first quarter. Uncommon Cents Investing LLC now owns 318,381 shares of the company’s stock worth $1,579,000 after acquiring an additional 31,070 shares during the last quarter. Finally, Matisse Capital lifted its position in 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 last quarter. 73.93% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Emerging Markets Equity Income Fund Stock Performance

Shares of AEF stock opened at $6.55 on Thursday. The firm has a 50 day moving average price of $6.22 and a two-hundred day moving average price of $5.68. Abrdn Emerging Markets Equity Income Fund Inc has a 12-month low of $4.43 and a 12-month high of $6.59.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $0.68 annualized dividend and a yield of 10.4%.

About Abrdn Emerging Markets Equity Income Fund

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.