Peapack Gladstone Financial Corp Sells 2,200 Shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF)

Peapack Gladstone Financial Corp reduced its stake in Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 8.3% during the third quarter, HoldingsChannel.com reports. The firm owned 24,352 shares of the company’s stock after selling 2,200 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Abrdn Emerging Markets Equity Income Fund were worth $137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in Abrdn Emerging Markets Equity Income Fund during the third quarter valued at $3,574,000. Kovitz Investment Group Partners LLC bought a new position in shares of Abrdn Emerging Markets Equity Income Fund during the third quarter valued at $2,631,000. Allspring Global Investments Holdings LLC raised its position in shares of 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 purchasing an additional 305,397 shares during the last quarter. Raymond James & Associates boosted its stake in Abrdn Emerging Markets Equity Income Fund by 49.8% in the 2nd quarter. Raymond James & Associates now owns 748,689 shares of the company’s stock worth $3,954,000 after purchasing an additional 249,052 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. grew its position in Abrdn Emerging Markets Equity Income Fund by 0.9% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Stock Performance

NYSE:AEF opened at $5.43 on Tuesday. The firm has a 50-day simple moving average of $5.40 and a two-hundred day simple moving average of $5.36. Abrdn Emerging Markets Equity Income Fund Inc has a fifty-two week low of $4.72 and a fifty-two week high of $5.84.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a $0.10 dividend. The ex-dividend date is Monday, December 30th. This represents a $0.40 dividend on an annualized basis and a yield of 7.37%.

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.