Relative Value Partners Group LLC Lowers Stock Holdings in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Relative Value Partners Group LLC lowered its holdings in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 585,647 shares of the company’s stock after selling 16,296 shares during the quarter. Relative Value Partners Group LLC owned approximately 1.15% of Abrdn Emerging Markets Equity Income Fund worth $3,139,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AEF. Elequin Securities LLC lifted its position in shares of Abrdn Emerging Markets Equity Income Fund by 51.3% in the first quarter. Elequin Securities LLC now owns 7,566 shares of the company’s stock valued at $41,000 after acquiring an additional 2,564 shares in the last quarter. Vista Investment Management lifted its position in shares of Abrdn Emerging Markets Equity Income Fund by 7.1% in the first quarter. Vista Investment Management now owns 39,932 shares of the company’s stock valued at $270,000 after acquiring an additional 2,659 shares in the last quarter. Invesco Ltd. lifted its position in shares of Abrdn Emerging Markets Equity Income Fund by 5.7% in the first quarter. Invesco Ltd. now owns 57,808 shares of the company’s stock valued at $391,000 after acquiring an additional 3,121 shares in the last quarter. UBS Group AG lifted its position in shares of Abrdn Emerging Markets Equity Income Fund by 32.4% in the first quarter. UBS Group AG now owns 16,166 shares of the company’s stock valued at $109,000 after acquiring an additional 3,958 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of Abrdn Emerging Markets Equity Income Fund in the first quarter valued at approximately $74,000. Hedge funds and other institutional investors own 57.75% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Price Performance

NYSE:AEF opened at $5.07 on Thursday. Abrdn Emerging Markets Equity Income Fund Inc has a one year low of $4.26 and a one year high of $5.83. The stock has a 50 day moving average price of $5.20 and a 200 day moving average price of $5.18.

Abrdn Emerging Markets Equity Income Fund Company Profile

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.