Wolverine Asset Management LLC Has $85,000 Stock Holdings in Abrdn Emerging Markets Equity Income Fund Inc $AEF

Wolverine Asset Management LLC decreased its position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 96.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 14,359 shares of the company’s stock after selling 413,872 shares during the quarter. Wolverine Asset Management LLC’s holdings in Abrdn Emerging Markets Equity Income Fund were worth $85,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AEF. Vanguard Capital Wealth Advisors lifted its holdings in 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 worth $5,903,000 after buying an additional 702,576 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Abrdn Emerging Markets Equity Income Fund during the 1st quarter worth $1,457,000. North Ground Capital lifted its holdings in 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 worth $1,644,000 after buying an additional 281,422 shares in the last quarter. Quarry LP acquired a new position in Abrdn Emerging Markets Equity Income Fund during the 1st quarter worth $942,000. Finally, Tabor Asset Management LP acquired a new position in Abrdn Emerging Markets Equity Income Fund during the 1st quarter worth $664,000. Institutional investors and hedge funds own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Stock Up 1.3%

NYSE:AEF opened at $7.00 on Tuesday. The stock’s fifty day moving average price is $6.48 and its two-hundred day moving average price is $5.98. Abrdn Emerging Markets Equity Income Fund Inc has a 52-week low of $4.43 and a 52-week high of $7.29.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

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

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.