Fiera Capital Corp cut its stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 81.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 166,984 shares of the investment management company's stock after selling 727,702 shares during the period. Fiera Capital Corp owned about 0.07% of Abrdn Asia-Pacific Income Fund worth $2,906,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its position in Abrdn Asia-Pacific Income Fund by 8.7% in the first quarter. Private Advisor Group LLC now owns 271,165 shares of the investment management company's stock worth $759,000 after acquiring an additional 21,713 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Abrdn Asia-Pacific Income Fund by 9.9% in the first quarter. Janney Montgomery Scott LLC now owns 108,223 shares of the investment management company's stock worth $303,000 after acquiring an additional 9,766 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the first quarter worth approximately $121,000. Koshinski Asset Management Inc. acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the first quarter worth $30,000. Finally, Ironsides Asset Advisors LLC lifted its stake in shares of Abrdn Asia-Pacific Income Fund by 9.6% in the first quarter. Ironsides Asset Advisors LLC now owns 80,862 shares of the investment management company's stock worth $226,000 after buying an additional 7,075 shares during the last quarter. 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 $0.06 during trading hours on Friday, hitting $16.96. 122,814 shares of the company traded hands, 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 announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 24th were paid a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a yield of 11.67%. The ex-dividend date was Thursday, October 24th.
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.
Featured Stories
Before you consider Abrdn Asia-Pacific Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Abrdn Asia-Pacific Income Fund wasn't on the list.
While Abrdn Asia-Pacific Income Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
