Avior Wealth Management LLC cut its stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 85.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,757 shares of the investment management company's stock after selling 108,082 shares during the quarter. Avior Wealth Management LLC's holdings in Abrdn Asia-Pacific Income Fund were worth $326,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Garner Asset Management Corp boosted its holdings in Abrdn Asia-Pacific Income Fund by 26.1% in the 1st quarter. Garner Asset Management Corp now owns 43,075 shares of the investment management company's stock worth $121,000 after buying an additional 8,925 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Abrdn Asia-Pacific Income Fund by 34.4% in the second 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 during the period. International Assets Investment Management LLC lifted its stake in Abrdn Asia-Pacific Income Fund by 5.2% during the 2nd quarter. International Assets Investment Management LLC now owns 234,133 shares of the investment management company's stock worth $627,000 after acquiring an additional 11,492 shares in the last quarter. Easterly Investment Partners LLC grew its holdings in shares of Abrdn Asia-Pacific Income Fund by 14.8% in the second quarter. Easterly Investment Partners LLC now owns 89,800 shares of the investment management company's stock valued at $241,000 after purchasing an additional 11,600 shares in the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in Abrdn Asia-Pacific Income Fund during the 1st quarter worth about $38,000. 33.55% of the stock is owned by hedge funds and other institutional investors.
Abrdn Asia-Pacific Income Fund Trading Up 0.4 %
NYSEAMERICAN:FAX traded up $0.07 during midday trading on Friday, hitting $15.77. 93,611 shares of the company were exchanged, compared to its average volume of 164,267. Abrdn Asia-Pacific Income Fund Inc has a fifty-two week low of $14.88 and a fifty-two week high of $17.55.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.56%. The ex-dividend date is Thursday, November 21st.
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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