Oxbow Advisors LLC reduced its holdings in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 83.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,509 shares of the investment management company's stock after selling 152,558 shares during the period. Oxbow Advisors LLC's holdings in Abrdn Asia-Pacific Income Fund were worth $531,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. Ironsides Asset Advisors LLC boosted its stake in shares of Abrdn Asia-Pacific Income Fund by 9.6% in the 1st quarter. Ironsides Asset Advisors LLC now owns 80,862 shares of the investment management company's stock valued at $226,000 after buying an additional 7,075 shares during the period. Garner Asset Management Corp grew its holdings in Abrdn Asia-Pacific Income Fund by 26.1% during the 1st quarter. Garner Asset Management Corp now owns 43,075 shares of the investment management company's stock worth $121,000 after acquiring an additional 8,925 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Abrdn Asia-Pacific Income Fund by 9.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 108,223 shares of the investment management company's stock valued at $303,000 after purchasing an additional 9,766 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Abrdn Asia-Pacific Income Fund by 34.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company's stock valued at $103,000 after purchasing an additional 9,885 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter worth $30,000. 33.55% of the stock is currently owned by institutional investors and hedge funds.
Abrdn Asia-Pacific Income Fund Price Performance
Shares of NYSEAMERICAN FAX traded up $0.06 during midday trading on Friday, hitting $16.96. 122,814 shares of the company's stock were exchanged, compared to its average volume of 124,969. Abrdn Asia-Pacific Income Fund Inc has a twelve month low of $14.88 and a twelve month high of $17.55.
Abrdn Asia-Pacific Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th were paid a $0.165 dividend. The ex-dividend date was Thursday, October 24th. This represents a $1.98 annualized dividend and a yield of 11.67%.
About Abrdn Asia-Pacific Income Fund
(
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.
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