36,126 Shares in Abrdn Japan Equity Fund Inc (NYSE:JEQ) Bought by Logan Stone Capital LLC

Logan Stone Capital LLC purchased a new position in Abrdn Japan Equity Fund Inc (NYSE:JEQ) in the second quarter, Holdings Channel.com reports. The fund purchased 36,126 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JEQ. Successful Portfolios LLC raised its holdings in Abrdn Japan Equity Fund by 3.4% in the first quarter. Successful Portfolios LLC now owns 82,473 shares of the company’s stock worth $514,000 after purchasing an additional 2,709 shares in the last quarter. Shaker Financial Services LLC raised its holdings in Abrdn Japan Equity Fund by 12.5% in the second quarter. Shaker Financial Services LLC now owns 68,399 shares of the company’s stock worth $402,000 after purchasing an additional 7,586 shares in the last quarter. City of London Investment Management Co. Ltd. raised its holdings in Abrdn Japan Equity Fund by 23.3% in the second quarter. City of London Investment Management Co. Ltd. now owns 145,213 shares of the company’s stock worth $852,000 after purchasing an additional 27,425 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in Abrdn Japan Equity Fund by 55.5% in the second quarter. Wolverine Asset Management LLC now owns 152,405 shares of the company’s stock worth $895,000 after purchasing an additional 54,374 shares in the last quarter. Hedge funds and other institutional investors own 62.72% of the company’s stock.

Abrdn Japan Equity Fund Trading Down 0.5 %

JEQ opened at $6.21 on Friday. The stock has a fifty day simple moving average of $6.00 and a two-hundred day simple moving average of $5.99. Abrdn Japan Equity Fund Inc has a 12-month low of $4.99 and a 12-month high of $6.39.

Abrdn Japan Equity Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 23rd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date of this dividend is Friday, August 23rd.

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.