Abrdn Emerging Markets Equity Income Fund Inc $AEF Stock Holdings Reduced by Absolute Investment Advisers LLC

Absolute Investment Advisers LLC cut its position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 70.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,241 shares of the company’s stock after selling 416,330 shares during the period. Absolute Investment Advisers LLC owned 0.43% of Abrdn Emerging Markets Equity Income Fund worth $1,136,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AEF. Vanguard Capital Wealth Advisors increased its holdings in Abrdn Emerging Markets Equity Income Fund by 241.3% in the second quarter. Vanguard Capital Wealth Advisors now owns 993,754 shares of the company’s stock worth $5,903,000 after buying an additional 702,576 shares during the last quarter. Uncommon Cents Investing LLC increased its stake in shares of Abrdn Emerging Markets Equity Income Fund by 1.6% during the 2nd quarter. Uncommon Cents Investing LLC now owns 323,426 shares of the company’s stock worth $1,921,000 after purchasing an additional 5,045 shares during the last quarter. Shaker Financial Services LLC raised its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 17.5% during the 2nd quarter. Shaker Financial Services LLC now owns 80,502 shares of the company’s stock valued at $478,000 after purchasing an additional 12,000 shares in the last quarter. Creative Planning acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the 2nd quarter valued at $70,000. Finally, Quantedge Capital Pte Ltd boosted its holdings in Abrdn Emerging Markets Equity Income Fund by 6.7% in the second quarter. Quantedge Capital Pte Ltd now owns 60,700 shares of the company’s stock worth $361,000 after purchasing an additional 3,800 shares in the last quarter. Institutional investors own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Price Performance

Abrdn Emerging Markets Equity Income Fund stock opened at $7.11 on Tuesday. Abrdn Emerging Markets Equity Income Fund Inc has a one year low of $4.43 and a one year high of $7.29. The company’s fifty day moving average price is $6.82 and its two-hundred day moving average price is $6.39.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.1%. This is a positive change from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.17.

About Abrdn Emerging Markets Equity Income Fund

Abrdn Emerging Markets Equity Income Fund (NYSE:AEF) is a closed‐end investment company that seeks to provide investors with a combination of current income and long-term capital appreciation by investing primarily in dividend-paying equities of companies located in emerging market countries. The fund offers investors access to a diversified portfolio of stocks across Asia, Latin America, Eastern Europe, the Middle East and Africa, targeting firms with strong cash flow characteristics and sustainable payout policies.

The investment process combines bottom-up fundamental research with a disciplined focus on income generation.