Allspring Global Investments Holdings LLC Reduces Stock Position in Abrdn Japan Equity Fund Inc (NYSE:JEQ)

Posted by on Oct 4th, 2023

Allspring Global Investments Holdings LLC cut its stake in Abrdn Japan Equity Fund Inc (NYSE:JEQ – Free Report) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,655,134 shares of the company’s stock after selling 24,033 shares during the quarter. Allspring Global Investments Holdings LLC owned about 19.52% of Abrdn Japan Equity Fund worth $16,117,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in JEQ. Baird Financial Group Inc. raised its holdings in Abrdn Japan Equity Fund by 13.3% in the 1st quarter. Baird Financial Group Inc. now owns 81,904 shares of the company’s stock worth $570,000 after purchasing an additional 9,614 shares in the last quarter. LPL Financial LLC bought a new position in Abrdn Japan Equity Fund in the 2nd quarter worth $85,000. Atlas Wealth LLC bought a new position in Abrdn Japan Equity Fund in the 4th quarter worth $177,000. Wolverine Asset Management LLC raised its holdings in Abrdn Japan Equity Fund by 76.3% in the 1st quarter. Wolverine Asset Management LLC now owns 45,223 shares of the company’s stock worth $247,000 after purchasing an additional 19,576 shares in the last quarter. Finally, Shaker Financial Services LLC raised its holdings in Abrdn Japan Equity Fund by 87.5% in the 1st quarter. Shaker Financial Services LLC now owns 66,473 shares of the company’s stock worth $364,000 after purchasing an additional 31,022 shares in the last quarter. 53.23% of the stock is currently owned by institutional investors.

Abrdn Japan Equity Fund Trading Down 2.1 %

Shares of Abrdn Japan Equity Fund stock opened at $5.19 on Wednesday. The company has a 50-day moving average of $5.68 and a 200 day moving average of $5.69. Abrdn Japan Equity Fund Inc has a 1 year low of $4.92 and a 1 year high of $6.29.

Abrdn Japan Equity Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 24th were paid a $0.11 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $0.44 annualized dividend and a dividend yield of 8.48%.

Abrdn Japan Equity Fund Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Abrdn Japan Equity Fund (NYSE:JEQ)

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