Sanctuary Advisors LLC Acquires Shares of 26,458 Abrdn Japan Equity Fund Inc (NYSE:JEQ)

Sanctuary Advisors LLC acquired a new stake in Abrdn Japan Equity Fund Inc (NYSE:JEQ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,458 shares of the company’s stock, valued at approximately $155,000. Sanctuary Advisors LLC owned 0.19% of Abrdn Japan Equity Fund as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wolverine Asset Management LLC raised its stake in Abrdn Japan Equity Fund by 55.5% in the second quarter. Wolverine Asset Management LLC now owns 152,405 shares of the company’s stock valued at $895,000 after buying an additional 54,374 shares during the period. City of London Investment Management Co. Ltd. raised its stake in Abrdn Japan Equity Fund by 23.3% in the second quarter. City of London Investment Management Co. Ltd. now owns 145,213 shares of the company’s stock valued at $852,000 after buying an additional 27,425 shares during the period. Successful Portfolios LLC raised its stake in Abrdn Japan Equity Fund by 3.4% in the first quarter. Successful Portfolios LLC now owns 82,473 shares of the company’s stock valued at $514,000 after buying an additional 2,709 shares during the period. Shaker Financial Services LLC increased its stake in shares of Abrdn Japan Equity Fund by 12.5% during the second quarter. Shaker Financial Services LLC now owns 68,399 shares of the company’s stock worth $402,000 after purchasing an additional 7,586 shares during the period. Finally, Logan Stone Capital LLC bought a new position in shares of Abrdn Japan Equity Fund during the second quarter worth approximately $212,000. Institutional investors own 62.72% of the company’s stock.

Abrdn Japan Equity Fund Trading Down 0.7 %

Shares of NYSE JEQ opened at $6.02 on Monday. Abrdn Japan Equity Fund Inc has a 1-year low of $4.99 and a 1-year high of $6.39. The business’s 50 day moving average is $6.10 and its 200-day moving average is $5.98.

Abrdn Japan Equity Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.97%.

Abrdn Japan Equity Fund Company 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.