834,145 Shares in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 834,145 shares of the company’s stock, valued at approximately $4,329,000. Raymond James Financial Inc. owned 1.64% of Abrdn Emerging Markets Equity Income Fund as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Wolverine Asset Management LLC grew its position in Abrdn Emerging Markets Equity Income Fund by 13.3% during the fourth quarter. Wolverine Asset Management LLC now owns 172,882 shares of the company’s stock valued at $897,000 after purchasing an additional 20,254 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Abrdn Emerging Markets Equity Income Fund by 20.7% in the fourth quarter. Private Advisor Group LLC now owns 110,256 shares of the company’s stock worth $572,000 after purchasing an additional 18,935 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund during the 3rd quarter worth about $3,574,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in Abrdn Emerging Markets Equity Income Fund during the 3rd quarter valued at approximately $2,631,000. Hedge funds and other institutional investors own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Stock Performance

Shares of Abrdn Emerging Markets Equity Income Fund stock opened at $5.09 on Thursday. The company’s fifty day simple moving average is $5.29 and its 200-day simple moving average is $5.36. Abrdn Emerging Markets Equity Income Fund Inc has a 1 year low of $4.83 and a 1 year high of $5.84.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be paid a $0.15 dividend. This is a boost from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, March 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.79%.

About Abrdn Emerging Markets Equity Income Fund

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.