Vanguard Capital Wealth Advisors Sells 195,276 Shares of Abrdn Emerging Markets Equity Income Fund Inc $AEF

Vanguard Capital Wealth Advisors lowered its position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 30.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 451,709 shares of the company’s stock after selling 195,276 shares during the period. Abrdn Emerging Markets Equity Income Fund comprises about 2.5% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 8th biggest position. Vanguard Capital Wealth Advisors’ holdings in Abrdn Emerging Markets Equity Income Fund were worth $3,162,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Creative Planning acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund during the second quarter valued at about $70,000. Quantedge Capital Pte Ltd grew its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 6.7% during the second 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. Bank of America Corp DE increased its stake in shares of Abrdn Emerging Markets Equity Income Fund by 2.2% in 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 period. Shaker Financial Services LLC raised its holdings in Abrdn Emerging Markets Equity Income Fund by 17.2% in the 3rd quarter. Shaker Financial Services LLC now owns 94,331 shares of the company’s stock valued at $611,000 after buying an additional 13,829 shares during the last quarter. Finally, TrueMark Investments LLC bought a new position in Abrdn Emerging Markets Equity Income Fund in the 3rd quarter valued at approximately $613,000. 73.93% of the stock is currently owned by institutional investors.

Abrdn Emerging Markets Equity Income Fund Trading Down 1.6%

NYSE:AEF opened at $7.38 on Friday. Abrdn Emerging Markets Equity Income Fund Inc has a one year low of $4.43 and a one year high of $8.93. The firm’s 50 day simple moving average is $7.93 and its 200 day simple moving average is $7.21.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 11.4%. This is a boost from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.18. The ex-dividend date was Tuesday, March 24th.

About Abrdn Emerging Markets Equity Income Fund

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.