Raymond James & Associates Sells 89,808 Shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Raymond James & Associates cut its holdings in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEFGet Rating) by 17.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 428,680 shares of the company’s stock after selling 89,808 shares during the quarter. Raymond James & Associates’ holdings in Abrdn Emerging Markets Equity Income Fund were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Capital Wealth Advisors bought a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the 2nd quarter worth approximately $62,000. Atria Wealth Solutions Inc. bought a new stake in Abrdn Emerging Markets Equity Income Fund in the first quarter valued at $74,000. UBS Group AG increased its position in Abrdn Emerging Markets Equity Income Fund by 32.4% during the 1st quarter. UBS Group AG now owns 16,166 shares of the company’s stock valued at $109,000 after purchasing an additional 3,958 shares during the period. Wolverine Asset Management LLC bought a new position in Abrdn Emerging Markets Equity Income Fund in the 2nd quarter worth $238,000. Finally, Vista Investment Management lifted its position in shares of Abrdn Emerging Markets Equity Income Fund by 7.1% in the 1st quarter. Vista Investment Management now owns 39,932 shares of the company’s stock worth $270,000 after purchasing an additional 2,659 shares during the period. Hedge funds and other institutional investors own 55.49% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Trading Up 0.7 %

Shares of NYSE AEF opened at $5.64 on Tuesday. Abrdn Emerging Markets Equity Income Fund Inc has a 1 year low of $4.26 and a 1 year high of $7.94. The company’s 50-day moving average is $5.22 and its 200 day moving average is $5.11.

Abrdn Emerging Markets Equity Income Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Friday, December 30th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.38%.

Abrdn Emerging Markets Equity Income Fund Company Profile

(Get Rating)

Abrdn Emerging Markets Equity Income Fund Inc is a closed ended balanced mutual fund and managed by Aberdeen Asset Managers Limited. It invests in the public equity and fixed income markets of Chile. The fund seeks to invest in securities of companies operating across diversified sectors. It employs fundamental analysis with a bottom-up security selection approach to create its portfolio.

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Institutional Ownership by Quarter for Abrdn Emerging Markets Equity Income Fund (NYSE:AEF)

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