Kovitz Investment Group Partners LLC Buys Shares of 10,467 Abrdn Japan Equity Fund Inc (NYSE:JEQ)

Kovitz Investment Group Partners LLC purchased a new stake in shares of Abrdn Japan Equity Fund Inc (NYSE:JEQ) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,467 shares of the company’s stock, valued at approximately $65,000. Kovitz Investment Group Partners LLC owned approximately 0.08% of Abrdn Japan Equity Fund at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of JEQ. Wolverine Asset Management LLC grew its holdings in shares of Abrdn Japan Equity Fund by 55.5% during the 2nd quarter. Wolverine Asset Management LLC now owns 152,405 shares of the company’s stock valued at $895,000 after acquiring an additional 54,374 shares in the last quarter. City of London Investment Management Co. Ltd. boosted its position in 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 purchasing an additional 27,425 shares during the last quarter. Landscape Capital Management L.L.C. grew its stake in Abrdn Japan Equity Fund by 84.5% in the third quarter. Landscape Capital Management L.L.C. now owns 98,148 shares of the company’s stock valued at $613,000 after purchasing an additional 44,964 shares in the last quarter. Shaker Financial Services LLC increased its position in Abrdn Japan Equity Fund by 25.4% in the 3rd quarter. Shaker Financial Services LLC now owns 85,799 shares of the company’s stock worth $536,000 after purchasing an additional 17,400 shares during the last quarter. Finally, Successful Portfolios LLC raised its stake in shares of Abrdn Japan Equity Fund by 4.0% during the 3rd quarter. Successful Portfolios LLC now owns 85,674 shares of the company’s stock worth $535,000 after purchasing an additional 3,271 shares in the last quarter. 62.72% of the stock is owned by institutional investors and hedge funds.

Abrdn Japan Equity Fund Price Performance

Shares of NYSE JEQ opened at $5.85 on Friday. The business has a 50 day simple moving average of $5.91 and a 200 day simple moving average of $5.95. Abrdn Japan Equity Fund Inc has a 52 week low of $5.27 and a 52 week high of $6.39.

Abrdn Japan Equity Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 8.21%. The ex-dividend date is Thursday, November 21st.

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.