Uncommon Cents Investing LLC Buys 9,082 Shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Uncommon Cents Investing LLC increased its stake in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 269,411 shares of the company’s stock after buying an additional 9,082 shares during the quarter. Uncommon Cents Investing LLC owned about 0.53% of Abrdn Emerging Markets Equity Income Fund worth $1,361,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new stake in Abrdn Emerging Markets Equity Income Fund in the fourth quarter worth $25,000. Wolverine Asset Management LLC increased its stake in Abrdn Emerging Markets Equity Income Fund by 49.4% in the fourth quarter. Wolverine Asset Management LLC now owns 41,253 shares of the company’s stock worth $211,000 after purchasing an additional 13,633 shares during the period. Matisse Capital purchased a new stake in Abrdn Emerging Markets Equity Income Fund in the fourth quarter worth $539,000. Alexander Randolph Advisory Inc. purchased a new stake in Abrdn Emerging Markets Equity Income Fund in the fourth quarter worth $733,000. Finally, Karpus Management Inc. increased its stake in Abrdn Emerging Markets Equity Income Fund by 15.8% in the fourth quarter. Karpus Management Inc. now owns 331,700 shares of the company’s stock worth $1,695,000 after purchasing an additional 45,289 shares during the period. 73.93% of the stock is currently owned by institutional investors.

Abrdn Emerging Markets Equity Income Fund Stock Performance

Shares of Abrdn Emerging Markets Equity Income Fund stock traded up $0.06 during trading on Thursday, hitting $5.37. 48,724 shares of the stock traded hands, compared to its average volume of 44,481. Abrdn Emerging Markets Equity Income Fund Inc has a 52-week low of $4.40 and a 52-week high of $5.52. The stock’s fifty day simple moving average is $5.24 and its 200 day simple moving average is $5.08.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 21st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $0.40 annualized dividend and a dividend yield of 7.46%. This is a positive change from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.09.

Abrdn Emerging Markets Equity Income Fund 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.