Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
In a notable market movement, Aberdeen Japan Equity Fund Inc. (JEQ) stock has reached a 52-week high of $6.39, with a current price of $6.37. According to InvestingPro data, the fund offers an attractive dividend yield of 7.51% and has maintained dividend payments for 18 consecutive years. This peak comes amidst a year of steady growth, with InvestingPro data showing a positive 3.2% total return over the past year and a YTD return of 3.84%. Investors are closely monitoring the stock as it navigates through market fluctuations, with the fund’s low volatility profile and attractive P/E ratio of 4.33 drawing attention. The 52-week high serves as a critical benchmark for the fund’s performance, reflecting both the resilience and the challenges faced over the past year. For deeper insights and additional ProTips about JEQ’s valuation and growth prospects, check out InvestingPro.
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