Wolverine Asset Management LLC Boosts Holdings in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Wolverine Asset Management LLC raised its position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 362.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 152,628 shares of the company’s stock after purchasing an additional 119,630 shares during the quarter. Wolverine Asset Management LLC owned 0.30% of Abrdn Emerging Markets Equity Income Fund worth $860,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. City of London Investment Management Co. Ltd. lifted its position in Abrdn Emerging Markets Equity Income Fund by 4.5% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 19,473,607 shares of the company’s stock valued at $98,342,000 after acquiring an additional 834,173 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Abrdn Emerging Markets Equity Income Fund by 5.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,653,044 shares of the company’s stock worth $29,854,000 after purchasing an additional 305,397 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 49.8% during the 2nd quarter. Raymond James & Associates now owns 748,689 shares of the company’s stock valued at $3,954,000 after buying an additional 249,052 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Abrdn Emerging Markets Equity Income Fund in the 2nd quarter worth $586,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 42.4% in the second quarter. Blue Bell Private Wealth Management LLC now owns 49,646 shares of the company’s stock worth $262,000 after acquiring an additional 14,780 shares during the period. 73.93% of the stock is owned by hedge funds and other institutional investors.

Abrdn Emerging Markets Equity Income Fund Price Performance

AEF stock opened at $5.29 on Wednesday. The business’s 50-day moving average is $5.49 and its two-hundred day moving average is $5.35. Abrdn Emerging Markets Equity Income Fund Inc has a fifty-two week low of $4.69 and a fifty-two week high of $5.84.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date was Monday, September 23rd.

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.