Kovitz Investment Group Partners LLC Has $1.06 Million Position in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Kovitz Investment Group Partners LLC lessened its holdings in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 56.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,763 shares of the company’s stock after selling 269,414 shares during the quarter. Kovitz Investment Group Partners LLC owned 0.40% of Abrdn Emerging Markets Equity Income Fund worth $1,058,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Private Advisor Group LLC increased its position in shares of Abrdn Emerging Markets Equity Income Fund by 20.7% during the fourth quarter. Private Advisor Group LLC now owns 110,256 shares of the company’s stock worth $572,000 after acquiring an additional 18,935 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in Abrdn Emerging Markets Equity Income Fund by 13.3% during the 4th 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 during the last quarter. Raymond James Financial Inc. bought a new stake in Abrdn Emerging Markets Equity Income Fund during the 4th quarter worth approximately $4,329,000. PNC Financial Services Group Inc. raised its stake in shares of Abrdn Emerging Markets Equity Income Fund by 94.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,385 shares of the company’s stock worth $49,000 after purchasing an additional 4,555 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund in the fourth quarter valued at approximately $199,000. Institutional investors and hedge funds own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Trading Up 0.4 %

Shares of Abrdn Emerging Markets Equity Income Fund stock opened at $5.15 on Wednesday. The stock has a fifty day simple moving average of $5.01 and a 200 day simple moving average of $5.24. Abrdn Emerging Markets Equity Income Fund Inc has a 12-month low of $4.43 and a 12-month high of $5.84.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were issued a $0.15 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.60 annualized dividend and a dividend yield of 11.65%. This is an increase from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.10.

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.