Easterly Investment Partners LLC reduced its stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 81.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,439 shares of the investment management company's stock after selling 73,361 shares during the period. Easterly Investment Partners LLC's holdings in Abrdn Asia-Pacific Income Fund were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Evergreen Capital Management LLC lifted its stake in Abrdn Asia-Pacific Income Fund by 6.9% during the second quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company's stock worth $12,125,000 after purchasing an additional 293,929 shares during the last quarter. Matisse Capital bought a new stake in Abrdn Asia-Pacific Income Fund during the second quarter worth $753,000. Cetera Advisors LLC bought a new stake in Abrdn Asia-Pacific Income Fund during the first quarter worth $516,000. PFG Investments LLC lifted its stake in Abrdn Asia-Pacific Income Fund by 43.6% during the second quarter. PFG Investments LLC now owns 357,157 shares of the investment management company's stock worth $957,000 after purchasing an additional 108,402 shares during the last quarter. Finally, Creekside Partners bought a new stake in Abrdn Asia-Pacific Income Fund during the second quarter worth $154,000. 33.55% of the stock is currently owned by institutional investors.
Abrdn Asia-Pacific Income Fund Trading Up 0.4 %
Shares of NYSEAMERICAN:FAX traded up $0.06 during trading on Friday, hitting $16.96. 122,814 shares of the company were exchanged, compared to its average volume of 124,969. Abrdn Asia-Pacific Income Fund Inc has a 1-year low of $14.88 and a 1-year high of $17.55.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th were issued a dividend of $0.165 per share. The ex-dividend date was Thursday, October 24th. This represents a $1.98 annualized dividend and a dividend yield of 11.67%.
Abrdn Asia-Pacific Income Fund Company Profile
(
Free Report)
Abrdn Asia-Pacific Income Fund Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.
Further Reading
Before you consider Abrdn Asia-Pacific Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Abrdn Asia-Pacific Income Fund wasn't on the list.
While Abrdn Asia-Pacific Income Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
