abrdn Japan Equity Fund Inc. $JEQ Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC increased its stake in abrdn Japan Equity Fund Inc. (NYSE:JEQ) by 226.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,009 shares of the company’s stock after acquiring an additional 53,392 shares during the period. Wolverine Asset Management LLC’s holdings in abrdn Japan Equity Fund were worth $581,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Tabor Asset Management LP purchased a new position in abrdn Japan Equity Fund in the first quarter valued at approximately $453,000. Blue Bell Private Wealth Management LLC raised its holdings in abrdn Japan Equity Fund by 15.3% in the first quarter. Blue Bell Private Wealth Management LLC now owns 29,426 shares of the company’s stock valued at $191,000 after buying an additional 3,900 shares during the period. Finally, Almitas Capital LLC purchased a new position in abrdn Japan Equity Fund in the first quarter valued at approximately $394,000. 62.72% of the stock is owned by institutional investors and hedge funds.

abrdn Japan Equity Fund Stock Performance

NYSE JEQ opened at $8.06 on Monday. abrdn Japan Equity Fund Inc. has a one year low of $5.58 and a one year high of $8.88. The company’s 50 day moving average price is $8.24 and its 200 day moving average price is $7.61.

abrdn Japan Equity Fund Announces Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, October 7th. Investors of record on Monday, September 29th were issued a $0.6944 dividend. The ex-dividend date was Monday, September 29th.

abrdn Japan Equity Fund Company Profile

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.