Cetera Investment Advisers Acquires 28,921 Shares of Abrdn Australia Equity Fund Inc $IAF

Cetera Investment Advisers raised its holdings in Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 718,084 shares of the company’s stock after acquiring an additional 28,921 shares during the quarter. Cetera Investment Advisers’ holdings in Abrdn Australia Equity Fund were worth $3,210,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of IAF. Allspring Global Investments Holdings LLC grew its stake in shares of Abrdn Australia Equity Fund by 6.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,990,769 shares of the company’s stock worth $17,839,000 after purchasing an additional 231,047 shares during the last quarter. Wolverine Asset Management LLC bought a new position in Abrdn Australia Equity Fund during the 2nd quarter worth $832,000. Shaker Financial Services LLC lifted its holdings in Abrdn Australia Equity Fund by 16.0% during the 2nd quarter. Shaker Financial Services LLC now owns 87,045 shares of the company’s stock worth $389,000 after buying an additional 12,000 shares during the period. Finally, Bridgewealth Advisory Group LLC bought a new stake in shares of Abrdn Australia Equity Fund in the 2nd quarter valued at about $141,000.

Abrdn Australia Equity Fund Price Performance

Shares of IAF stock opened at $12.66 on Thursday. The stock has a 50-day moving average of $13.45 and a 200-day moving average of $13.45. Abrdn Australia Equity Fund Inc has a 1-year low of $10.05 and a 1-year high of $14.15.

Abrdn Australia Equity Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Friday, November 21st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 12.0%. This is a boost from Abrdn Australia Equity Fund’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, November 21st.

Abrdn Australia Equity Fund Profile

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.