Successful Portfolios LLC Acquires 2,709 Shares of Abrdn Japan Equity Fund Inc (NYSE:JEQ)

Successful Portfolios LLC raised its stake in shares of Abrdn Japan Equity Fund Inc (NYSE:JEQ) by 3.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 82,473 shares of the company’s stock after purchasing an additional 2,709 shares during the period. Successful Portfolios LLC owned approximately 0.60% of Abrdn Japan Equity Fund worth $514,000 as of its most recent SEC filing.

Separately, Wolverine Asset Management LLC lifted its stake in Abrdn Japan Equity Fund by 239.1% during the 4th quarter. Wolverine Asset Management LLC now owns 34,383 shares of the company’s stock valued at $197,000 after acquiring an additional 24,244 shares in the last quarter. Institutional investors own 62.72% of the company’s stock.

Abrdn Japan Equity Fund Trading Up 1.2 %

NYSE JEQ opened at $5.87 on Monday. The company has a fifty day moving average price of $5.89 and a 200-day moving average price of $5.95. Abrdn Japan Equity Fund Inc has a 1 year low of $4.99 and a 1 year high of $6.39.

Abrdn Japan Equity Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 23rd were paid a $0.12 dividend. This is a positive change from Abrdn Japan Equity Fund’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, May 22nd. This represents a $0.48 annualized dividend and a yield of 8.18%.

Abrdn Japan Equity Fund Profile

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.