Logan Stone Capital LLC Takes Position in Abrdn Japan Equity Fund Inc (NYSE:JEQ)

Logan Stone Capital LLC purchased a new stake in shares of Abrdn Japan Equity Fund Inc (NYSE:JEQ) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 36,126 shares of the company’s stock, valued at approximately $212,000. Logan Stone Capital LLC owned 0.26% of Abrdn Japan Equity Fund as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wolverine Asset Management LLC increased its position in shares of Abrdn Japan Equity Fund by 55.5% in the second quarter. Wolverine Asset Management LLC now owns 152,405 shares of the company’s stock worth $895,000 after purchasing an additional 54,374 shares during the last quarter. City of London Investment Management Co. Ltd. increased its position in shares of Abrdn Japan Equity Fund by 23.3% in the second quarter. City of London Investment Management Co. Ltd. now owns 145,213 shares of the company’s stock worth $852,000 after purchasing an additional 27,425 shares during the last quarter. Shaker Financial Services LLC increased its position in shares of Abrdn Japan Equity Fund by 12.5% in the second quarter. Shaker Financial Services LLC now owns 68,399 shares of the company’s stock worth $402,000 after purchasing an additional 7,586 shares during the last quarter. Finally, Successful Portfolios LLC increased its position in shares of Abrdn Japan Equity Fund by 3.4% in the first quarter. Successful Portfolios LLC now owns 82,473 shares of the company’s stock worth $514,000 after purchasing an additional 2,709 shares during the last quarter. 62.72% of the stock is currently owned by institutional investors.

Abrdn Japan Equity Fund Stock Down 0.5 %

Shares of JEQ opened at $6.21 on Friday. The stock has a 50 day simple moving average of $6.00 and a two-hundred day simple moving average of $5.99. Abrdn Japan Equity Fund Inc has a 1 year low of $4.99 and a 1 year high of $6.39.

Abrdn Japan Equity Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 23rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 7.73%. The ex-dividend date of this dividend is Friday, August 23rd.

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.