Abrdn Japan Equity Fund (NYSE:JEQ) Trading Down 0.3% – Here’s Why

Abrdn Japan Equity Fund Inc (NYSE:JEQ) shares fell 0.3% during mid-day trading on Tuesday . The company traded as low as $5.77 and last traded at $5.77. 18,228 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 16,532 shares. The stock had previously closed at $5.79.

Abrdn Japan Equity Fund Stock Down 0.3 %

The stock’s 50 day moving average is $5.82 and its 200 day moving average is $5.94.

Abrdn Japan Equity Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date is Thursday, November 21st.

Institutional Trading of Abrdn Japan Equity Fund

Institutional investors have recently bought and sold shares of the business. Kovitz Investment Group Partners LLC acquired a new stake in Abrdn Japan Equity Fund during the third quarter worth about $65,000. Sanctuary Advisors LLC bought a new stake in shares of Abrdn Japan Equity Fund during the 2nd quarter worth approximately $155,000. Logan Stone Capital LLC acquired a new stake in shares of Abrdn Japan Equity Fund during the 2nd quarter worth approximately $212,000. Successful Portfolios LLC boosted its position in shares of Abrdn Japan Equity Fund by 4.0% during the 3rd quarter. Successful Portfolios LLC now owns 85,674 shares of the company’s stock worth $535,000 after acquiring an additional 3,271 shares in the last quarter. Finally, Shaker Financial Services LLC increased its stake in Abrdn Japan Equity Fund by 25.4% in the third quarter. Shaker Financial Services LLC now owns 85,799 shares of the company’s stock valued at $536,000 after acquiring an additional 17,400 shares during the last quarter. Institutional investors own 62.72% of the company’s stock.

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.