Matisse Capital Raises Position in Abrdn Japan Equity Fund Inc (NYSE:JEQ)

Matisse Capital raised its holdings in shares of Abrdn Japan Equity Fund Inc (NYSE:JEQ) by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 201,263 shares of the company’s stock after buying an additional 29,263 shares during the period. Matisse Capital owned about 1.45% of Abrdn Japan Equity Fund worth $1,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of JEQ. Landscape Capital Management L.L.C. increased its position in shares of Abrdn Japan Equity Fund by 84.5% in the third quarter. Landscape Capital Management L.L.C. now owns 98,148 shares of the company’s stock valued at $613,000 after acquiring an additional 44,964 shares during the period. Shaker Financial Services LLC increased its holdings in Abrdn Japan Equity Fund by 25.4% during the 3rd quarter. Shaker Financial Services LLC now owns 85,799 shares of the company’s stock valued at $536,000 after purchasing an additional 17,400 shares during the period. Successful Portfolios LLC raised its position in Abrdn Japan Equity Fund by 4.0% during the 3rd quarter. Successful Portfolios LLC now owns 85,674 shares of the company’s stock valued at $535,000 after purchasing an additional 3,271 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Abrdn Japan Equity Fund in the 2nd quarter worth approximately $155,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Abrdn Japan Equity Fund in the 3rd quarter worth approximately $65,000. 62.72% of the stock is owned by institutional investors.

Abrdn Japan Equity Fund Price Performance

JEQ opened at $5.82 on Tuesday. The stock’s 50 day moving average price is $5.79 and its 200-day moving average price is $5.91. Abrdn Japan Equity Fund Inc has a 52-week low of $5.27 and a 52-week high of $6.39.

Abrdn Japan Equity Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, November 21st were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.48 annualized dividend and a dividend yield of 8.25%.

Abrdn Japan Equity Fund Company Profile

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.