North Ground Capital Has $894,000 Stake in Abrdn Emerging Markets Equity Income Fund Inc $AEF

North Ground Capital reduced its position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 51.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 138,038 shares of the company’s stock after selling 147,014 shares during the period. North Ground Capital owned 0.34% of Abrdn Emerging Markets Equity Income Fund worth $894,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Creative Planning acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the second quarter worth $70,000. Quantedge Capital Pte Ltd grew its position in Abrdn Emerging Markets Equity Income Fund by 6.7% in the 2nd quarter. Quantedge Capital Pte Ltd now owns 60,700 shares of the company’s stock worth $361,000 after purchasing an additional 3,800 shares during the last quarter. Shaker Financial Services LLC increased its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 17.5% during the 2nd quarter. Shaker Financial Services LLC now owns 80,502 shares of the company’s stock worth $478,000 after purchasing an additional 12,000 shares during the period. Bank of America Corp DE raised its position in shares of Abrdn Emerging Markets Equity Income Fund by 2.2% during the second quarter. Bank of America Corp DE now owns 85,987 shares of the company’s stock valued at $511,000 after buying an additional 1,824 shares during the last quarter. Finally, Uncommon Cents Investing LLC lifted its stake in shares of Abrdn Emerging Markets Equity Income Fund by 1.6% in the second quarter. Uncommon Cents Investing LLC now owns 323,426 shares of the company’s stock valued at $1,921,000 after buying an additional 5,045 shares during the period. 73.93% of the stock is owned by institutional investors.

Abrdn Emerging Markets Equity Income Fund Stock Performance

Shares of AEF opened at $7.44 on Monday. The stock’s 50-day moving average price is $6.94 and its 200 day moving average price is $6.54. Abrdn Emerging Markets Equity Income Fund Inc has a 12-month low of $4.43 and a 12-month high of $7.54.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Wednesday, December 31st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 9.7%. This is an increase from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 31st.

Abrdn Emerging Markets Equity Income Fund Profile

Abrdn Emerging Markets Equity Income Fund (NYSE:AEF) is a closed‐end investment company that seeks to provide investors with a combination of current income and long-term capital appreciation by investing primarily in dividend-paying equities of companies located in emerging market countries. The fund offers investors access to a diversified portfolio of stocks across Asia, Latin America, Eastern Europe, the Middle East and Africa, targeting firms with strong cash flow characteristics and sustainable payout policies.

The investment process combines bottom-up fundamental research with a disciplined focus on income generation.