Abrdn Japan Equity Fund (NYSE:JEQ) Trading Up 0.1% – Here’s What Happened

Abrdn Japan Equity Fund Inc (NYSE:JEQ) rose 0.1% during mid-day trading on Tuesday . The stock traded as high as $7.02 and last traded at $7.01. Approximately 105,597 shares changed hands during mid-day trading, an increase of 65% from the average daily volume of 63,809 shares. The stock had previously closed at $7.00.

Abrdn Japan Equity Fund Trading Up 0.1%

The firm has a fifty day simple moving average of $6.45 and a 200-day simple moving average of $6.04.

Hedge Funds Weigh In On Abrdn Japan Equity Fund

A number of institutional investors have recently modified their holdings of JEQ. CSS LLC IL acquired a new stake in Abrdn Japan Equity Fund during the 4th quarter worth approximately $60,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of Abrdn Japan Equity Fund by 40.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 25,526 shares of the company’s stock worth $147,000 after acquiring an additional 7,381 shares in the last quarter. Tabor Asset Management LP acquired a new stake in Abrdn Japan Equity Fund in the first quarter valued at $453,000. Bank of America Corp DE grew its stake in Abrdn Japan Equity Fund by 8.0% in the 4th quarter. Bank of America Corp DE now owns 91,050 shares of the company’s stock valued at $524,000 after acquiring an additional 6,724 shares during the last quarter. Finally, Successful Portfolios LLC grew its position in shares of Abrdn Japan Equity Fund by 3.7% in the first quarter. Successful Portfolios LLC now owns 88,467 shares of the company’s stock valued at $575,000 after purchasing an additional 3,189 shares during the last quarter. 62.72% of the stock is owned by institutional investors and hedge funds.

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.