Blue Bell Private Wealth Management LLC Raises Position in Abrdn Japan Equity Fund Inc (NYSE:JEQ)

Blue Bell Private Wealth Management LLC lifted its stake in Abrdn Japan Equity Fund Inc (NYSE:JEQ) by 40.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,526 shares of the company’s stock after buying an additional 7,381 shares during the period. Blue Bell Private Wealth Management LLC owned approximately 0.18% of Abrdn Japan Equity Fund worth $147,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Kovitz Investment Group Partners LLC purchased a new stake in shares of Abrdn Japan Equity Fund in the third quarter worth about $65,000. Shaker Financial Services LLC boosted its holdings in 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 purchasing an additional 17,400 shares during the last quarter. Matisse Capital boosted its holdings in Abrdn Japan Equity Fund by 17.0% in the fourth quarter. Matisse Capital now owns 201,263 shares of the company’s stock valued at $1,157,000 after purchasing an additional 29,263 shares during the last quarter. Landscape Capital Management L.L.C. boosted its holdings in 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 purchasing an additional 44,964 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings in Abrdn Japan Equity Fund by 77.9% in the fourth quarter. Wolverine Asset Management LLC now owns 165,606 shares of the company’s stock valued at $952,000 after purchasing an additional 72,496 shares during the last quarter. Hedge funds and other institutional investors own 62.72% of the company’s stock.

Abrdn Japan Equity Fund Price Performance

Shares of JEQ opened at $5.95 on Friday. Abrdn Japan Equity Fund Inc has a one year low of $5.27 and a one year high of $6.39. The stock has a 50-day moving average price of $5.81 and a 200 day moving average price of $5.91.

Abrdn Japan Equity Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 21st will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date of this dividend is Friday, February 21st.

Abrdn Japan Equity Fund 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.