Gridiron Partners LLC lessened its position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 38.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,986 shares of the investment management company's stock after selling 18,340 shares during the quarter. Gridiron Partners LLC's holdings in Abrdn Asia-Pacific Income Fund were worth $441,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Evergreen Capital Management LLC boosted 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 worth $12,125,000 after acquiring an additional 293,929 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of Abrdn Asia-Pacific Income Fund by 792.8% in 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 purchasing an additional 930,402 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Abrdn Asia-Pacific Income Fund by 4.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 423,921 shares of the investment management company's stock worth $1,136,000 after purchasing an additional 19,005 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in Abrdn Asia-Pacific Income Fund during the 3rd quarter worth approximately $1,398,000. Finally, Creekside Partners acquired a new position in Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at approximately $154,000. Hedge funds and other institutional investors own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Price Performance
Shares of FAX stock traded down $0.03 during mid-day trading on Friday, reaching $15.25. The stock had a trading volume of 162,869 shares, compared to its average volume of 187,042. Abrdn Asia-Pacific Income Fund Inc has a 1-year low of $14.56 and a 1-year high of $17.55.
Abrdn Asia-Pacific Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.98 dividend on an annualized basis 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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