Benjamin Edwards Inc. purchased a new position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 80,351 shares of the investment management company's stock, valued at approximately $1,398,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Centaurus Financial Inc. bought a new position in Abrdn Asia-Pacific Income Fund during the third quarter valued at about $101,000. AE Wealth Management LLC bought a new position in Abrdn Asia-Pacific Income Fund during the second quarter valued at about $54,000. Shaker Financial Services LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the third quarter valued at $516,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Abrdn Asia-Pacific Income Fund by 34.4% during 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 last quarter. Finally, Midland Wealth Advisors LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the second quarter valued at $106,000. Institutional investors own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Price Performance
Abrdn Asia-Pacific Income Fund stock traded up $0.08 during mid-day trading on Friday, hitting $16.04. The company's stock had a trading volume of 141,917 shares, compared to its average volume of 142,628. Abrdn Asia-Pacific Income Fund Inc has a 52-week low of $14.88 and a 52-week high of $17.55.
Abrdn Asia-Pacific Income Fund Announces Dividend
The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.98 annualized dividend and a dividend yield of 12.34%.
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.
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