Allspring Global Investments Holdings LLC Sells 286,719 Shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Allspring Global Investments Holdings LLC trimmed its stake in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,366,325 shares of the company’s stock after selling 286,719 shares during the period. Allspring Global Investments Holdings LLC owned about 10.57% of Abrdn Emerging Markets Equity Income Fund worth $30,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in AEF. PNC Financial Services Group Inc. purchased a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the fourth quarter valued at approximately $25,000. Blue Bell Private Wealth Management LLC raised its position in Abrdn Emerging Markets Equity Income Fund by 42.4% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 49,646 shares of the company’s stock valued at $262,000 after purchasing an additional 14,780 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Abrdn Emerging Markets Equity Income Fund in the 2nd quarter worth $586,000. Uncommon Cents Investing LLC grew its position in shares of Abrdn Emerging Markets Equity Income Fund by 3.5% during the 1st quarter. Uncommon Cents Investing LLC now owns 269,411 shares of the company’s stock worth $1,361,000 after buying an additional 9,082 shares in the last quarter. Finally, Karpus Management Inc. increased its stake in shares of Abrdn Emerging Markets Equity Income Fund by 2.1% during the first quarter. Karpus Management Inc. now owns 338,715 shares of the company’s stock valued at $1,711,000 after buying an additional 7,015 shares during the period. 73.93% of the stock is currently owned by institutional investors.

Abrdn Emerging Markets Equity Income Fund Stock Down 2.0 %

NYSE:AEF opened at $5.48 on Thursday. Abrdn Emerging Markets Equity Income Fund Inc has a 1-year low of $4.40 and a 1-year high of $5.84. The company has a 50-day moving average of $5.46 and a 200 day moving average of $5.30.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.40 annualized dividend and a yield of 7.30%.

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.