Vanguard Capital Wealth Advisors Sells 106,005 Shares of Abrdn Emerging Markets Equity Income Fund Inc $AEF

Vanguard Capital Wealth Advisors lowered its position in shares of Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) by 46.8% in the second quarter, Holdings Channel reports. The firm owned 120,689 shares of the company’s stock after selling 106,005 shares during the period. Abrdn Emerging Markets Equity Income Fund accounts for 0.8% of Vanguard Capital Wealth Advisors’ investment portfolio, making the stock its 28th biggest holding. Vanguard Capital Wealth Advisors’ holdings in Abrdn Emerging Markets Equity Income Fund were worth $1,159,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Private Advisor Group LLC boosted its position in shares of Abrdn Emerging Markets Equity Income Fund by 7.4% during the first quarter. Private Advisor Group LLC now owns 191,749 shares of the company’s stock worth $1,398,000 after purchasing an additional 13,205 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Abrdn Emerging Markets Equity Income Fund by 105.1% in the 4th quarter. Guggenheim Capital LLC now owns 171,690 shares of the company’s stock valued at $1,202,000 after buying an additional 87,965 shares in the last quarter. North Ground Capital increased its position in shares of Abrdn Emerging Markets Equity Income Fund by 10.4% in the 4th quarter. North Ground Capital now owns 152,370 shares of the company’s stock valued at $1,067,000 after buying an additional 14,332 shares in the last quarter. LPL Financial LLC raised its stake in Abrdn Emerging Markets Equity Income Fund by 312.7% during the 4th quarter. LPL Financial LLC now owns 143,509 shares of the company’s stock worth $1,005,000 after buying an additional 108,738 shares during the period. Finally, National Bank of Canada FI lifted its holdings in Abrdn Emerging Markets Equity Income Fund by 27.8% during the third quarter. National Bank of Canada FI now owns 140,524 shares of the company’s stock worth $911,000 after acquiring an additional 30,543 shares in the last quarter. Institutional investors own 73.93% of the company’s stock.

Abrdn Emerging Markets Equity Income Fund Price Performance

NYSE:AEF opened at $9.60 on Wednesday. Abrdn Emerging Markets Equity Income Fund Inc has a 1 year low of $6.03 and a 1 year high of $10.14. The stock has a 50-day moving average price of $9.12 and a two-hundred day moving average price of $8.84.

Abrdn Emerging Markets Equity Income Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.23 per share. This is a boost from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, June 23rd. This represents a $0.92 annualized dividend and a dividend yield of 9.6%.

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.