Alpine Global Management LLC Takes $648,000 Position in Abrdn Emerging Markets Equity Income Fund Inc $AEF

Alpine Global Management LLC acquired a new stake in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 100,000 shares of the company’s stock, valued at approximately $648,000. Alpine Global Management LLC owned approximately 0.25% of Abrdn Emerging Markets Equity Income Fund as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning acquired a new stake in Abrdn Emerging Markets Equity Income Fund during the 2nd quarter worth approximately $70,000. Quantedge Capital Pte Ltd increased its position in shares of Abrdn Emerging Markets Equity Income Fund by 6.7% during the second quarter. Quantedge Capital Pte Ltd now owns 60,700 shares of the company’s stock worth $361,000 after acquiring an additional 3,800 shares during the period. Bank of America Corp DE increased its position in shares of 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 worth $511,000 after acquiring an additional 1,824 shares during the period. Shaker Financial Services LLC raised its stake in shares of Abrdn Emerging Markets Equity Income Fund by 17.2% in the third quarter. Shaker Financial Services LLC now owns 94,331 shares of the company’s stock valued at $611,000 after acquiring an additional 13,829 shares in the last quarter. Finally, TrueMark Investments LLC acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the third quarter valued at $613,000. 73.93% of the stock is owned by hedge funds and other institutional investors.

Abrdn Emerging Markets Equity Income Fund Trading Up 1.2%

NYSE:AEF opened at $7.80 on Wednesday. Abrdn Emerging Markets Equity Income Fund Inc has a 12-month low of $4.43 and a 12-month high of $8.93. The stock has a fifty day moving average price of $7.95 and a 200 day moving average price of $7.13.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 10.8%. The ex-dividend date is Tuesday, March 24th. This is a boost from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.18.

Abrdn Emerging Markets Equity Income Fund 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.