Allspring Global Investments Holdings LLC increased its stake in shares of Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF – Free Report) by 31.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,709,101 shares of the company’s stock after acquiring an additional 409,247 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Abrdn Australia Equity Fund were worth $7,400,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. boosted its position in Abrdn Australia Equity Fund by 30.4% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 552,418 shares of the company’s stock valued at $2,182,000 after buying an additional 128,758 shares during the last quarter. 1607 Capital Partners LLC boosted its holdings in Abrdn Australia Equity Fund by 9.5% in the third quarter. 1607 Capital Partners LLC now owns 1,486,852 shares of the company’s stock valued at $5,873,000 after purchasing an additional 128,703 shares during the last quarter. Belvedere Trading LLC acquired a new stake in Abrdn Australia Equity Fund during the 4th quarter valued at approximately $108,000. Morgan Stanley increased its holdings in Abrdn Australia Equity Fund by 15.4% during the 4th quarter. Morgan Stanley now owns 120,403 shares of the company’s stock worth $529,000 after purchasing an additional 16,064 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its position in shares of Abrdn Australia Equity Fund by 18.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 96,161 shares of the company’s stock valued at $422,000 after purchasing an additional 15,138 shares in the last quarter.
Abrdn Australia Equity Fund Trading Up 2.7 %
Abrdn Australia Equity Fund stock opened at $4.19 on Thursday. Abrdn Australia Equity Fund Inc has a 52 week low of $3.60 and a 52 week high of $4.59.
Abrdn Australia Equity Fund Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 11.46%. This is an increase from Abrdn Australia Equity Fund’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 21st.
About Abrdn Australia Equity Fund
Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.
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