Lazard Asset Management LLC reduced its stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF – Free Report) by 22.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,113,010 shares of the company’s stock after selling 331,403 shares during the period. Lazard Asset Management LLC’s holdings in Abrdn Emerging Markets Equity Income Fund were worth $8,114,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in AEF. Private Advisor Group LLC lifted its stake in shares of Abrdn Emerging Markets Equity Income Fund by 7.4% in the first quarter. Private Advisor Group LLC now owns 191,749 shares of the company’s stock valued at $1,398,000 after purchasing an additional 13,205 shares during the period. Evolve Private Wealth LLC grew its position in Abrdn Emerging Markets Equity Income Fund by 3.2% during the first quarter. Evolve Private Wealth LLC now owns 112,511 shares of the company’s stock worth $820,000 after buying an additional 3,468 shares during the period. Uhlmann Price Securities LLC increased its holdings in Abrdn Emerging Markets Equity Income Fund by 5.5% in the first quarter. Uhlmann Price Securities LLC now owns 40,859 shares of the company’s stock valued at $298,000 after buying an additional 2,129 shares in the last quarter. Invesco Ltd. purchased a new position in Abrdn Emerging Markets Equity Income Fund in the fourth quarter valued at about $274,000. Finally, Guggenheim Capital LLC lifted its position in shares of Abrdn Emerging Markets Equity Income Fund by 105.1% during the 4th quarter. Guggenheim Capital LLC now owns 171,690 shares of the company’s stock valued at $1,202,000 after acquiring an additional 87,965 shares during the period. 73.93% of the stock is owned by institutional investors and hedge funds.
Abrdn Emerging Markets Equity Income Fund Price Performance
Shares of NYSE:AEF opened at $8.58 on Friday. The business’s 50 day simple moving average is $9.29 and its 200-day simple moving average is $8.61. Abrdn Emerging Markets Equity Income Fund Inc has a 12 month low of $5.95 and a 12 month high of $10.14.
Abrdn Emerging Markets Equity Income Fund Increases Dividend
Abrdn Emerging Markets Equity Income Fund Profile
Abrdn Emerging Markets Equity Income Fund (NYSE:AEF) is a closed‐end investment company that seeks to provide investors with a combination of current income and long-term capital appreciation by investing primarily in dividend-paying equities of companies located in emerging market countries. The fund offers investors access to a diversified portfolio of stocks across Asia, Latin America, Eastern Europe, the Middle East and Africa, targeting firms with strong cash flow characteristics and sustainable payout policies.
The investment process combines bottom-up fundamental research with a disciplined focus on income generation.
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