Abrdn Japan Equity Fund (NYSE:JEQ) Trading Down 0.3% – Should You Sell?

Shares of Abrdn Japan Equity Fund Inc (NYSE:JEQ) dropped 0.3% on Tuesday . The stock traded as low as $5.77 and last traded at $5.77. Approximately 18,228 shares changed hands during trading, an increase of 10% from the average daily volume of 16,532 shares. The stock had previously closed at $5.79.

Abrdn Japan Equity Fund Price Performance

The firm has a 50 day moving average of $5.82 and a two-hundred day moving average of $5.94.

Abrdn Japan Equity Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 8.32%. The ex-dividend date of this dividend is Thursday, November 21st.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JEQ. Landscape Capital Management L.L.C. raised its holdings in Abrdn Japan Equity Fund by 84.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 98,148 shares of the company’s stock valued at $613,000 after buying an additional 44,964 shares during the last quarter. Logan Stone Capital LLC acquired a new position in Abrdn Japan Equity Fund in the 2nd quarter valued at approximately $212,000. City of London Investment Management Co. Ltd. raised its stake in shares of Abrdn Japan Equity Fund by 23.3% during the second quarter. City of London Investment Management Co. Ltd. now owns 145,213 shares of the company’s stock valued at $852,000 after acquiring an additional 27,425 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Abrdn Japan Equity Fund in the second quarter worth $155,000. Finally, Shaker Financial Services LLC increased its holdings in Abrdn Japan Equity Fund by 25.4% in the third quarter. Shaker Financial Services LLC now owns 85,799 shares of the company’s stock valued at $536,000 after purchasing an additional 17,400 shares during the period. 62.72% of the stock is currently owned by institutional investors and hedge funds.

About Abrdn Japan Equity Fund

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.