AdvisorNet Financial Inc lowered its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 56.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,446 shares of the investment management company's stock after selling 28,233 shares during the quarter. AdvisorNet Financial Inc's holdings in Abrdn Asia-Pacific Income Fund were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FAX. EP Wealth Advisors LLC raised its holdings in shares of Abrdn Asia-Pacific Income Fund by 792.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 1,047,760 shares of the investment management company's stock valued at $18,231,000 after buying an additional 930,402 shares during the period. Evergreen Capital Management LLC increased its holdings in Abrdn Asia-Pacific Income Fund by 6.9% in the second quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company's stock valued at $12,125,000 after buying an additional 293,929 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at approximately $1,398,000. Creekside Partners acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the second quarter worth $154,000. Finally, Sanctuary Advisors LLC bought a new position in Abrdn Asia-Pacific Income Fund in the second quarter worth about $142,000. Institutional investors and hedge funds own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Stock Down 0.2 %
Shares of FAX stock traded down $0.03 during trading hours on Friday, reaching $15.25. The stock had a trading volume of 162,869 shares, compared to its average volume of 169,370. Abrdn Asia-Pacific Income Fund Inc has a twelve month low of $14.56 and a twelve month high of $17.55.
Abrdn Asia-Pacific Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be given a $0.165 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.98 annualized dividend and a yield of 12.98%.
Abrdn Asia-Pacific Income Fund 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.
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