Wolverine Asset Management LLC Has $367,000 Holdings in Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF)

Wolverine Asset Management LLC grew its holdings in Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) by 167.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,675 shares of the company’s stock after purchasing an additional 54,876 shares during the period. Wolverine Asset Management LLC’s holdings in Abrdn Australia Equity Fund were worth $367,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Abrdn Australia Equity Fund by 16.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,384,336 shares of the company’s stock worth $14,181,000 after purchasing an additional 485,633 shares during the period. International Assets Investment Management LLC purchased a new stake in Abrdn Australia Equity Fund in the 3rd quarter worth approximately $137,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Abrdn Australia Equity Fund during the 4th quarter valued at $100,000.

Abrdn Australia Equity Fund Stock Performance

Abrdn Australia Equity Fund stock opened at $4.26 on Monday. Abrdn Australia Equity Fund Inc has a 12 month low of $3.95 and a 12 month high of $4.75.

Abrdn Australia Equity Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 21st will be paid a $0.12 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.48 dividend on an annualized basis and a yield of 11.27%.

Abrdn Australia Equity Fund Profile

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.