Baird Financial Group Inc. Increases Stock Position in Abrdn Japan Equity Fund Inc (NYSE:JEQ)

Baird Financial Group Inc. lifted its holdings in shares of Abrdn Japan Equity Fund Inc (NYSE:JEQGet Rating) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,639 shares of the company’s stock after acquiring an additional 3,735 shares during the period. Baird Financial Group Inc. owned 0.64% of Abrdn Japan Equity Fund worth $477,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JEQ. Shaker Financial Services LLC lifted its holdings in shares of Abrdn Japan Equity Fund by 172.6% during the first quarter. Shaker Financial Services LLC now owns 40,078 shares of the company’s stock worth $279,000 after purchasing an additional 25,378 shares during the period. Shepherd Kaplan Krochuk LLC acquired a new stake in shares of Abrdn Japan Equity Fund during the first quarter worth $169,000. 1607 Capital Partners LLC lifted its holdings in shares of Abrdn Japan Equity Fund by 0.6% during the first quarter. 1607 Capital Partners LLC now owns 3,160,683 shares of the company’s stock worth $21,998,000 after purchasing an additional 19,600 shares during the period. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Abrdn Japan Equity Fund during the second quarter worth $72,000. 58.32% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Japan Equity Fund Stock Down 0.5 %

Shares of NYSE JEQ opened at $5.55 on Tuesday. The stock has a fifty day moving average price of $5.28 and a 200 day moving average price of $5.65. Abrdn Japan Equity Fund Inc has a 1-year low of $4.92 and a 1-year high of $9.26.

Abrdn Japan Equity Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 11th. Shareholders of record on Tuesday, November 22nd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.21%. The ex-dividend date is Monday, November 21st.

Abrdn Japan Equity Fund Company Profile

(Get Rating)

Abrdn Japan Equity Fund Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It invests in the public equity markets of Japan. The fund invests in stocks of companies operating across diversified sectors. It employs quantitative analysis to build its portfolio.

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Institutional Ownership by Quarter for Abrdn Japan Equity Fund (NYSE:JEQ)

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