Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) by 31.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,709,101 shares of the company’s stock after purchasing an additional 409,247 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Abrdn Australia Equity Fund were worth $7,400,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. 1607 Capital Partners LLC raised its holdings in Abrdn Australia Equity Fund by 9.5% in the 3rd quarter. 1607 Capital Partners LLC now owns 1,486,852 shares of the company’s stock valued at $5,873,000 after acquiring an additional 128,703 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in Abrdn Australia Equity Fund by 30.4% during the third quarter. Atria Wealth Solutions Inc. now owns 552,418 shares of the company’s stock worth $2,182,000 after buying an additional 128,758 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Abrdn Australia Equity Fund by 2.5% during the second quarter. Osaic Holdings Inc. now owns 106,149 shares of the company’s stock worth $457,000 after buying an additional 2,570 shares during the last quarter. LPL Financial LLC grew its holdings in Abrdn Australia Equity Fund by 8.1% in the 2nd quarter. LPL Financial LLC now owns 59,495 shares of the company’s stock valued at $256,000 after buying an additional 4,481 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its holdings in shares of Abrdn Australia Equity Fund by 126.4% during the 1st quarter. Belpointe Asset Management LLC now owns 21,513 shares of the company’s stock worth $94,000 after acquiring an additional 12,009 shares during the period.

Abrdn Australia Equity Fund Stock Performance

Shares of IAF stock opened at $4.19 on Thursday. Abrdn Australia Equity Fund Inc has a twelve month low of $3.60 and a twelve month high of $4.59.

Abrdn Australia Equity Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 22nd were paid a $0.12 dividend. This is a boost from Abrdn Australia Equity Fund’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.48 annualized dividend and a dividend yield of 11.46%.

About Abrdn Australia Equity Fund

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.