272,271 Shares in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new stake in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 272,271 shares of the company’s stock, valued at approximately $1,350,000.

Several other institutional investors also recently bought and sold shares of the business. Private Advisor Group LLC lifted its position in shares of Abrdn Emerging Markets Equity Income Fund by 20.7% during the 4th quarter. Private Advisor Group LLC now owns 110,256 shares of the company’s stock valued at $572,000 after buying an additional 18,935 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in Abrdn Emerging Markets Equity Income Fund by 13.3% during the fourth quarter. Wolverine Asset Management LLC now owns 172,882 shares of the company’s stock valued at $897,000 after purchasing an additional 20,254 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the fourth quarter valued at about $4,329,000. PNC Financial Services Group Inc. increased its stake in shares of Abrdn Emerging Markets Equity Income Fund by 94.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,385 shares of the company’s stock worth $49,000 after purchasing an additional 4,555 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund during the 4th quarter worth about $199,000. 73.93% of the stock is owned by institutional investors and hedge funds.

Abrdn Emerging Markets Equity Income Fund Stock Up 1.0%

Shares of Abrdn Emerging Markets Equity Income Fund stock opened at $5.78 on Thursday. Abrdn Emerging Markets Equity Income Fund Inc has a twelve month low of $4.43 and a twelve month high of $5.84. The firm’s 50-day moving average price is $5.21 and its 200 day moving average price is $5.25.

Abrdn Emerging Markets Equity Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.60 annualized dividend and a dividend yield of 10.38%.

About Abrdn Emerging Markets Equity Income Fund

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.