Abrdn Australia Equity Fund Inc $IAF Stock Position Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in shares of Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) by 8.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,471,026 shares of the company’s stock after selling 134,443 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Abrdn Australia Equity Fund were worth $17,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in IAF. PNC Financial Services Group Inc. acquired a new position in shares of Abrdn Australia Equity Fund during the 4th quarter worth $78,000. Bank of America Corp DE boosted its holdings in Abrdn Australia Equity Fund by 64.8% in the second quarter. Bank of America Corp DE now owns 12,121 shares of the company’s stock worth $54,000 after purchasing an additional 4,765 shares in the last quarter. Citadel Advisors LLC acquired a new position in Abrdn Australia Equity Fund during the third quarter worth $86,000. NWF Advisory Services Inc. bought a new position in Abrdn Australia Equity Fund during the fourth quarter valued at about $446,000. Finally, Osaic Holdings Inc. lifted its position in shares of Abrdn Australia Equity Fund by 5.0% in the second quarter. Osaic Holdings Inc. now owns 122,535 shares of the company’s stock worth $548,000 after buying an additional 5,818 shares during the last quarter.

Abrdn Australia Equity Fund Trading Up 0.6%

IAF opened at $12.59 on Wednesday. The stock has a 50-day moving average of $12.51 and a 200-day moving average of $12.93. Abrdn Australia Equity Fund Inc has a 52-week low of $11.76 and a 52-week high of $14.54.

Abrdn Australia Equity Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, May 21st were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $1.44 dividend on an annualized basis and a yield of 11.4%.

About Abrdn Australia Equity Fund

Abrdn Australia Equity Fund (NYSE American: IAF) is a closed-end investment company that seeks long-term capital growth through a diversified portfolio of Australian equities. Listed on the NYSE American exchange, the fund provides U.S. and international investors with direct exposure to the Australian stock market, encompassing companies across a range of sectors including financials, materials, healthcare and consumer staples.

The fund’s investment strategy is driven by a bottom-up, fundamental research process led by abrdn’s Australia-based equity team.