Abrdn Emerging Markets Equity Income Fund Inc $AEF Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 16.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 245,446 shares of the company’s stock after selling 48,317 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Abrdn Emerging Markets Equity Income Fund were worth $1,458,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AEF. Uncommon Cents Investing LLC raised its position in 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 worth $1,921,000 after acquiring an additional 5,045 shares in the last quarter. Absolute Investment Advisers LLC grew its stake in shares of Abrdn Emerging Markets Equity Income Fund by 20.7% in the 2nd quarter. Absolute Investment Advisers LLC now owns 591,571 shares of the company’s stock worth $3,514,000 after purchasing an additional 101,299 shares during the last quarter. Vanguard Capital Wealth Advisors raised its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 241.3% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 993,754 shares of the company’s stock worth $5,903,000 after purchasing an additional 702,576 shares in the last quarter. Quarry LP acquired a new stake in Abrdn Emerging Markets Equity Income Fund during the first quarter valued at approximately $942,000. Finally, North Ground Capital boosted its holdings in Abrdn Emerging Markets Equity Income Fund by 731.0% during the first 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. Institutional investors own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Stock Down 1.2%

NYSE AEF opened at $6.57 on Thursday. Abrdn Emerging Markets Equity Income Fund Inc has a 1 year low of $4.43 and a 1 year high of $7.29. The business’s fifty day moving average is $6.63 and its two-hundred day moving average is $6.12.

Abrdn Emerging Markets Equity Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.17 per share. 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 10.4%.

Abrdn Emerging Markets Equity Income Fund Company 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.