Abrdn Japan Equity Fund (NYSE:JEQ) Shares Down 0.3% – Here’s What Happened

Abrdn Japan Equity Fund Inc (NYSE:JEQ) shares fell 0.3% on Tuesday . The stock traded as low as $5.77 and last traded at $5.77. 18,228 shares were traded during mid-day trading, an increase of 10% from the average session volume of 16,532 shares. The stock had previously closed at $5.79.

Abrdn Japan Equity Fund Stock Performance

The business has a 50-day simple moving average of $5.82 and a 200-day simple moving average of $5.94.

Abrdn Japan Equity Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.29%.

Institutional Trading of Abrdn Japan Equity Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kovitz Investment Group Partners LLC purchased a new position in Abrdn Japan Equity Fund during the 3rd quarter worth $65,000. Sanctuary Advisors LLC bought a new position in shares of Abrdn Japan Equity Fund during the 2nd quarter worth $155,000. Logan Stone Capital LLC purchased a new position in shares of Abrdn Japan Equity Fund during the second quarter valued at $212,000. Successful Portfolios LLC raised its holdings in shares of Abrdn Japan Equity Fund by 4.0% in the third quarter. Successful Portfolios LLC now owns 85,674 shares of the company’s stock valued at $535,000 after acquiring an additional 3,271 shares in the last quarter. Finally, Shaker Financial Services LLC raised its holdings in shares of Abrdn Japan Equity Fund by 25.4% in the third quarter. Shaker Financial Services LLC now owns 85,799 shares of the company’s stock valued at $536,000 after acquiring an additional 17,400 shares in the last quarter. Hedge funds and other institutional investors own 62.72% of the company’s stock.

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.