Kovitz Investment Group Partners LLC Invests $2.63 Million in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Kovitz Investment Group Partners LLC acquired a new stake in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 473,177 shares of the company’s stock, valued at approximately $2,631,000. Kovitz Investment Group Partners LLC owned 0.93% of Abrdn Emerging Markets Equity Income Fund at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Raymond James & Associates grew its holdings in Abrdn Emerging Markets Equity Income Fund by 49.8% during the second quarter. Raymond James & Associates now owns 748,689 shares of the company’s stock valued at $3,954,000 after purchasing an additional 249,052 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Abrdn Emerging Markets Equity Income Fund by 5.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,653,044 shares of the company’s stock worth $29,854,000 after acquiring an additional 305,397 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake 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 worth $262,000 after acquiring an additional 14,780 shares during the period. City of London Investment Management Co. Ltd. lifted its holdings in Abrdn Emerging Markets Equity Income Fund by 0.9% during the second quarter. City of London Investment Management Co. Ltd. now owns 19,645,305 shares of the company’s stock valued at $103,747,000 after purchasing an additional 171,698 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund in the second quarter worth approximately $586,000. 73.93% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Emerging Markets Equity Income Fund Price Performance

Shares of NYSE AEF opened at $5.44 on Tuesday. Abrdn Emerging Markets Equity Income Fund Inc has a 1 year low of $4.72 and a 1 year high of $5.84. The firm has a fifty day moving average price of $5.44 and a 200-day moving average price of $5.35.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The firm also recently declared 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 was Monday, September 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 7.35%.

About Abrdn Emerging Markets Equity Income Fund

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.