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

Wolverine Asset Management LLC increased its position in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 362.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 152,628 shares of the company’s stock after buying an additional 119,630 shares during the period. Wolverine Asset Management LLC’s holdings in Abrdn Emerging Markets Equity Income Fund were worth $860,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. City of London Investment Management Co. Ltd. grew its stake in Abrdn Emerging Markets Equity Income Fund by 0.9% during the second quarter. City of London Investment Management Co. Ltd. now owns 19,645,305 shares of the company’s stock valued at $103,747,000 after acquiring an additional 171,698 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Abrdn Emerging Markets Equity Income Fund by 5.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,653,044 shares of the company’s stock valued at $29,854,000 after purchasing an additional 305,397 shares during the period. Raymond James & Associates lifted its stake in shares of Abrdn Emerging Markets Equity Income Fund by 11.8% in the 3rd quarter. Raymond James & Associates now owns 837,068 shares of the company’s stock valued at $4,717,000 after purchasing an additional 88,379 shares during the last quarter. Karpus Management Inc. boosted its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 2.1% in the 1st quarter. Karpus Management Inc. now owns 338,715 shares of the company’s stock worth $1,711,000 after purchasing an additional 7,015 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund during the 2nd quarter valued at approximately $586,000. Hedge funds and other institutional investors own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Stock Performance

Shares of AEF opened at $5.29 on Wednesday. Abrdn Emerging Markets Equity Income Fund Inc has a 52-week low of $4.69 and a 52-week high of $5.84. The business has a fifty day moving average of $5.49 and a 200 day moving average of $5.35.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

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

Abrdn Emerging Markets Equity Income Fund 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.