Baird Financial Group Inc. Has $643,000 Stock Position in Abrdn Japan Equity Fund Inc (NYSE:JEQ)

Baird Financial Group Inc. lowered its stake in Abrdn Japan Equity Fund Inc (NYSE:JEQ) by 7.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,838 shares of the company’s stock after selling 8,993 shares during the period. Baird Financial Group Inc.’s holdings in Abrdn Japan Equity Fund were worth $643,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in JEQ. Matisse Capital lifted its position in shares of Abrdn Japan Equity Fund by 17.0% in the fourth quarter. Matisse Capital now owns 201,263 shares of the company’s stock worth $1,157,000 after buying an additional 29,263 shares during the last quarter. Wolverine Asset Management LLC lifted its position in shares of Abrdn Japan Equity Fund by 77.9% in the fourth quarter. Wolverine Asset Management LLC now owns 165,606 shares of the company’s stock worth $952,000 after buying an additional 72,496 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in shares of Abrdn Japan Equity Fund by 40.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 25,526 shares of the company’s stock worth $147,000 after buying an additional 7,381 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Abrdn Japan Equity Fund by 8.0% in the fourth quarter. Bank of America Corp DE now owns 91,050 shares of the company’s stock worth $524,000 after buying an additional 6,724 shares during the last quarter. Institutional investors and hedge funds own 62.72% of the company’s stock.

Abrdn Japan Equity Fund Stock Down 1.4%

Shares of NYSE:JEQ opened at $6.92 on Thursday. Abrdn Japan Equity Fund Inc has a fifty-two week low of $5.27 and a fifty-two week high of $7.03. The business has a 50-day moving average of $6.47 and a two-hundred day moving average of $6.05.

About Abrdn Japan Equity Fund

Abrdn Japan Equity Fund Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It invests in the public equity markets of Japan. The fund invests in stocks of companies operating across diversified sectors. It employs quantitative analysis to build its portfolio.