Shaker Financial Services LLC Increases Stake in Abrdn Emerging Markets Equity Income Fund Inc $AEF

Shaker Financial Services LLC raised its stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 17.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,502 shares of the company’s stock after buying an additional 12,000 shares during the quarter. Shaker Financial Services LLC’s holdings in Abrdn Emerging Markets Equity Income Fund were worth $478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in AEF. Vanguard Capital Wealth Advisors boosted its position in shares of Abrdn Emerging Markets Equity Income Fund by 241.3% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 993,754 shares of the company’s stock valued at $5,903,000 after acquiring an additional 702,576 shares during the last quarter. Absolute Investment Advisers LLC boosted its position in shares of Abrdn Emerging Markets Equity Income Fund by 20.7% during the 2nd quarter. Absolute Investment Advisers LLC now owns 591,571 shares of the company’s stock valued at $3,514,000 after acquiring an additional 101,299 shares during the last quarter. Wolverine Asset Management LLC boosted its position in shares of Abrdn Emerging Markets Equity Income Fund by 147.7% during the 1st quarter. Wolverine Asset Management LLC now owns 428,231 shares of the company’s stock valued at $2,124,000 after acquiring an additional 255,349 shares during the last quarter. Uncommon Cents Investing LLC boosted its position in shares of Abrdn Emerging Markets Equity Income Fund by 1.6% during the 2nd quarter. Uncommon Cents Investing LLC now owns 323,426 shares of the company’s stock valued at $1,921,000 after acquiring an additional 5,045 shares during the last quarter. Finally, North Ground Capital boosted its position in shares of Abrdn Emerging Markets Equity Income Fund by 731.0% during the 1st quarter. North Ground Capital now owns 319,922 shares of the company’s stock valued at $1,644,000 after acquiring an additional 281,422 shares during the last quarter. 73.93% of the stock is owned by hedge funds and other institutional investors.

Abrdn Emerging Markets Equity Income Fund Trading Up 1.3%

NYSE AEF opened at $7.00 on Tuesday. Abrdn Emerging Markets Equity Income Fund Inc has a one year low of $4.43 and a one year high of $7.29. The stock has a 50 day moving average price of $6.48 and a 200-day moving average price of $5.98.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date was Tuesday, September 23rd.

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.