Penserra Capital Management LLC Buys New Stake in Abrdn Emerging Markets Equity Income Fund Inc $AEF

Penserra Capital Management LLC bought a new stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 668,958 shares of the company’s stock, valued at approximately $4,334,000. Penserra Capital Management LLC owned approximately 1.65% of Abrdn Emerging Markets Equity Income Fund at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Creative Planning acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund during the second quarter valued at $70,000. Quantedge Capital Pte Ltd boosted its holdings in shares of 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 valued at $361,000 after acquiring an additional 3,800 shares in the last quarter. Shaker Financial Services LLC boosted its stake in 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. Bank of America Corp DE boosted its stake in Abrdn Emerging Markets Equity Income Fund by 2.2% during the second quarter. Bank of America Corp DE now owns 85,987 shares of the company’s stock valued at $511,000 after buying an additional 1,824 shares in the last quarter. Finally, TrueMark Investments LLC bought a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the 3rd quarter worth approximately $613,000. Institutional investors and hedge funds own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Stock Down 0.4%

Shares of Abrdn Emerging Markets Equity Income Fund stock opened at $7.92 on Friday. Abrdn Emerging Markets Equity Income Fund Inc has a 12-month low of $4.43 and a 12-month high of $8.09. The stock’s fifty day moving average is $7.26 and its 200-day moving average is $6.71.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 9.1%. This is an increase from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 31st.

Abrdn Emerging Markets Equity Income Fund Company Profile

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.