Logan Stone Capital LLC Takes Position in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Logan Stone Capital LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 68,534 shares of the company’s stock, valued at approximately $356,000. Logan Stone Capital LLC owned approximately 0.14% of Abrdn Emerging Markets Equity Income Fund as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AEF. PNC Financial Services Group Inc. raised its holdings in Abrdn Emerging Markets Equity Income Fund by 94.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,385 shares of the company’s stock worth $49,000 after acquiring an additional 4,555 shares in the last quarter. Guggenheim Capital LLC bought a new stake in Abrdn Emerging Markets Equity Income Fund during the fourth quarter worth about $57,000. National Bank of Canada FI raised its holdings in Abrdn Emerging Markets Equity Income Fund by 1,402.3% during the fourth quarter. National Bank of Canada FI now owns 15,023 shares of the company’s stock worth $78,000 after acquiring an additional 14,023 shares in the last quarter. Almitas Capital LLC bought a new stake in Abrdn Emerging Markets Equity Income Fund during the fourth quarter worth about $137,000. Finally, Alpine Global Management LLC bought a new stake in Abrdn Emerging Markets Equity Income Fund during the fourth quarter worth about $182,000. Institutional investors own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Trading Up 0.8%

AEF opened at $5.28 on Monday. Abrdn Emerging Markets Equity Income Fund Inc has a 52-week low of $4.43 and a 52-week high of $5.84. The business’s 50-day simple moving average is $5.01 and its 200 day simple moving average is $5.22.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 11.36%. The ex-dividend date of this dividend was Tuesday, March 25th. This is a positive change from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.10.

Abrdn Emerging Markets Equity Income Fund Company Profile

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.