Creative Planning Decreases Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Creative Planning decreased its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 83.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,119 shares of the investment management company's stock after selling 68,914 shares during the period. Creative Planning's holdings in Abrdn Asia-Pacific Income Fund were worth $246,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FAX. Sanctuary Advisors LLC acquired a new position in Abrdn Asia-Pacific Income Fund in the second quarter valued at about $142,000. Cetera Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter worth approximately $516,000. Evergreen Capital Management LLC raised its position 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 purchasing an additional 293,929 shares during the period. Matisse Capital acquired a new position in Abrdn Asia-Pacific Income Fund during the second quarter worth $753,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position 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 worth $103,000 after buying an additional 9,885 shares during the period. Hedge funds and other institutional investors own 33.55% of the company's stock.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of FAX stock traded down $0.22 during trading on Monday, reaching $16.74. The company's stock had a trading volume of 182,074 shares, compared to its average volume of 139,692. 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 disclosed a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th were paid a $0.165 dividend. This represents a $1.98 annualized dividend and a dividend yield of 11.83%. The ex-dividend date of this dividend was Thursday, October 24th.

Abrdn Asia-Pacific Income Fund Company Profile

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.