Wolverine Asset Management LLC Has $897,000 Stock Position 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 13.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,882 shares of the company’s stock after purchasing an additional 20,254 shares during the period. Wolverine Asset Management LLC owned approximately 0.34% of Abrdn Emerging Markets Equity Income Fund worth $897,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC increased its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 3.0% during the third quarter. Private Advisor Group LLC now owns 91,321 shares of the company’s stock worth $515,000 after buying an additional 2,618 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund during the third quarter worth $2,631,000. Public Employees Retirement System of Ohio acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund during the third quarter worth $3,574,000. Finally, Raymond James & Associates increased its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 11.8% during the third quarter. Raymond James & Associates now owns 837,068 shares of the company’s stock worth $4,717,000 after buying an additional 88,379 shares in the last quarter. 73.93% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Emerging Markets Equity Income Fund Trading Down 2.5 %

Shares of NYSE:AEF opened at $5.50 on Friday. The company has a fifty day moving average of $5.35 and a 200-day moving average of $5.38. Abrdn Emerging Markets Equity Income Fund Inc has a 52-week low of $4.83 and a 52-week high of $5.84.

Abrdn Emerging Markets Equity Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Monday, December 30th were paid a $0.10 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.40 annualized dividend and a dividend yield of 7.27%.

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.