Abrdn Japan Equity Fund (NYSE:JEQ) Trading Down 0.3% – What’s Next?

Abrdn Japan Equity Fund Inc (NYSE:JEQ) was down 0.3% during mid-day trading on Tuesday . The company traded as low as $5.77 and last traded at $5.77. Approximately 18,228 shares changed hands during trading, an increase of 10% from the average daily volume of 16,532 shares. The stock had previously closed at $5.79.

Abrdn Japan Equity Fund Stock Performance

The company’s fifty day moving average is $5.82 and its 200-day moving average is $5.94.

Abrdn Japan Equity Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 21st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.29%.

Institutional Trading of Abrdn Japan Equity Fund

Several hedge funds have recently modified their holdings of JEQ. Kovitz Investment Group Partners LLC acquired a new stake in Abrdn Japan Equity Fund in the third quarter worth about $65,000. Sanctuary Advisors LLC purchased a new position in shares of Abrdn Japan Equity Fund in the 2nd quarter valued at approximately $155,000. Logan Stone Capital LLC acquired a new stake in Abrdn Japan Equity Fund in the 2nd quarter worth approximately $212,000. Successful Portfolios LLC grew its position in Abrdn Japan Equity Fund by 4.0% during the 3rd quarter. Successful Portfolios LLC now owns 85,674 shares of the company’s stock worth $535,000 after purchasing an additional 3,271 shares during the last quarter. Finally, Shaker Financial Services LLC increased its stake in Abrdn Japan Equity Fund by 25.4% during the 3rd quarter. Shaker Financial Services LLC now owns 85,799 shares of the company’s stock valued at $536,000 after purchasing an additional 17,400 shares in the last quarter. 62.72% of the stock is owned by hedge funds and other institutional investors.

About Abrdn Japan Equity Fund

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.