Insider Buying: Abrdn Emerging Markets Equity Income Fund (NYSE:AEF) Director Acquires $19,460.00 in Stock

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF – Get Free Report) Director Anthony Clark acquired 2,000 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was purchased at an average price of $9.73 per share, for a total transaction of $19,460.00. Following the completion of the transaction, the director directly owned 8,000 shares in the company, valued at approximately $77,840. The trade was a 33.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Abrdn Emerging Markets Equity Income Fund Stock Performance

AEF stock opened at $9.26 on Friday. Abrdn Emerging Markets Equity Income Fund Inc has a twelve month low of $6.26 and a twelve month high of $10.14. The business has a fifty day moving average of $9.49 and a 200-day moving average of $9.14.

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Abrdn Emerging Markets Equity Income Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd were given a $0.26 dividend. The ex-dividend date was Tuesday, September 22nd. This is a positive change from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 11.2%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AEF. Noble Wealth Management PBC bought a new position in Abrdn Emerging Markets Equity Income Fund in the second quarter valued at approximately $34,000. Readystate Asset Management LP bought a new position in shares of Abrdn Emerging Markets Equity Income Fund in the 1st quarter worth $203,000. Private Advisor Group LLC boosted its position in shares of Abrdn Emerging Markets Equity Income Fund by 7.4% in the 1st quarter. Private Advisor Group LLC now owns 191,749 shares of the company’s stock worth $1,398,000 after purchasing an additional 13,205 shares during the last quarter. Evolve Private Wealth LLC grew its stake in shares of 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 purchasing an additional 3,468 shares during the period. Finally, Uhlmann Price Securities LLC grew its stake in shares of Abrdn Emerging Markets Equity Income Fund by 5.5% during the first quarter. Uhlmann Price Securities LLC now owns 40,859 shares of the company’s stock worth $298,000 after purchasing an additional 2,129 shares during the period. 73.93% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Emerging Markets Equity Income Fund Company Profile

(Get Free Report)

abrdn Emerging Markets Equity Income Fund, Inc (NYSE: AEF) is a closed-end investment company that seeks to provide investors with a high level of current income and long-term capital appreciation. The fund invests primarily in equity securities of companies located in, or deriving a significant portion of their business from, emerging-market countries.

The portfolio generally emphasizes dividend-paying stocks across a range of industries and emerging-market economies. Its investments may include common stocks and other equity-related securities, providing exposure to companies in regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa, although the fund’s geographic allocation may change over time.

The fund is managed by abrdn, a global investment management firm.

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