Successful Portfolios LLC Purchases 2,709 Shares of Abrdn Japan Equity Fund Inc (NYSE:JEQ)

Successful Portfolios LLC grew its position in shares of Abrdn Japan Equity Fund Inc (NYSE:JEQ) by 3.4% during the first quarter, Holdings Channel reports. The fund owned 82,473 shares of the company’s stock after purchasing an additional 2,709 shares during the period. Successful Portfolios LLC’s holdings in Abrdn Japan Equity Fund were worth $514,000 as of its most recent SEC filing.

Separately, Wolverine Asset Management LLC grew its stake in Abrdn Japan Equity Fund by 239.1% in the fourth quarter. Wolverine Asset Management LLC now owns 34,383 shares of the company’s stock worth $197,000 after purchasing an additional 24,244 shares during the period. Hedge funds and other institutional investors own 62.72% of the company’s stock.

Abrdn Japan Equity Fund Trading Up 1.2 %

JEQ opened at $5.87 on Monday. Abrdn Japan Equity Fund Inc has a 12-month low of $4.99 and a 12-month high of $6.39. The stock has a fifty day simple moving average of $5.89 and a two-hundred day simple moving average of $5.95.

Abrdn Japan Equity Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 23rd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 8.18%. This is a positive change from Abrdn Japan Equity Fund’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, May 22nd.

Abrdn Japan Equity Fund Profile

Abrdn Japan Equity Fund Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It invests in the public equity markets of Japan. The fund invests in stocks of companies operating across diversified sectors. It employs quantitative analysis to build its portfolio.