Landscape Capital Management L.L.C. Sells 17,353 Shares of Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF)

Landscape Capital Management L.L.C. reduced its position in Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) by 53.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,068 shares of the company’s stock after selling 17,353 shares during the period. Landscape Capital Management L.L.C.’s holdings in Abrdn Australia Equity Fund were worth $71,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Covenant Partners LLC purchased a new position in Abrdn Australia Equity Fund during the 3rd quarter worth $52,000. Cetera Advisors LLC purchased a new stake in shares of Abrdn Australia Equity Fund during the first quarter worth about $97,000. International Assets Investment Management LLC acquired a new position in shares of Abrdn Australia Equity Fund during the third quarter valued at about $137,000. Wolverine Asset Management LLC raised its position in shares of Abrdn Australia Equity Fund by 369.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 32,799 shares of the company’s stock valued at $154,000 after purchasing an additional 25,808 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in Abrdn Australia Equity Fund by 3.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 588,881 shares of the company’s stock worth $2,550,000 after purchasing an additional 20,678 shares in the last quarter.

Abrdn Australia Equity Fund Stock Down 0.2 %

Shares of Abrdn Australia Equity Fund stock opened at $4.50 on Tuesday. Abrdn Australia Equity Fund Inc has a 12-month low of $3.87 and a 12-month high of $4.75.

Abrdn Australia Equity Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 11.57%. This is an increase from Abrdn Australia Equity Fund’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, November 21st.

Abrdn Australia Equity Fund Profile

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.