Allspring Global Investments Holdings LLC Lowers Stake in Abrdn Emerging Markets Equity Income Fund Inc $AEF

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 5.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,685,723 shares of the company’s stock after selling 155,022 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.07% of Abrdn Emerging Markets Equity Income Fund worth $19,579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AEF. Closed End Fund Advisors Inc. bought a new position in Abrdn Emerging Markets Equity Income Fund in the fourth quarter worth approximately $541,000. TrueMark Investments LLC boosted its stake in shares of Abrdn Emerging Markets Equity Income Fund by 2.5% during the 4th quarter. TrueMark Investments LLC now owns 97,049 shares of the company’s stock worth $679,000 after acquiring an additional 2,387 shares during the last quarter. North Ground Capital grew its position in shares of Abrdn Emerging Markets Equity Income Fund by 10.4% during the 4th quarter. North Ground Capital now owns 152,370 shares of the company’s stock valued at $1,067,000 after acquiring an additional 14,332 shares during the period. LPL Financial LLC increased its stake in shares of Abrdn Emerging Markets Equity Income Fund by 312.7% in the 4th quarter. LPL Financial LLC now owns 143,509 shares of the company’s stock worth $1,005,000 after purchasing an additional 108,738 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in shares of Abrdn Emerging Markets Equity Income Fund by 27.8% in the 3rd quarter. National Bank of Canada FI now owns 140,524 shares of the company’s stock worth $911,000 after purchasing an additional 30,543 shares in the last quarter. Hedge funds and other institutional investors own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Stock Up 4.2%

Shares of Abrdn Emerging Markets Equity Income Fund stock opened at $8.89 on Wednesday. Abrdn Emerging Markets Equity Income Fund Inc has a one year low of $5.95 and a one year high of $10.14. The stock’s fifty day moving average is $9.39 and its 200 day moving average is $8.54.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date was Tuesday, June 23rd. This is a boost from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.21.

About Abrdn Emerging Markets Equity Income Fund

Abrdn Emerging Markets Equity Income Fund (NYSE:AEF) is a closed‐end investment company that seeks to provide investors with a combination of current income and long-term capital appreciation by investing primarily in dividend-paying equities of companies located in emerging market countries. The fund offers investors access to a diversified portfolio of stocks across Asia, Latin America, Eastern Europe, the Middle East and Africa, targeting firms with strong cash flow characteristics and sustainable payout policies.

The investment process combines bottom-up fundamental research with a disciplined focus on income generation.