LPL Financial LLC grew its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 42.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 169,537 shares of the investment management company's stock after buying an additional 50,736 shares during the period. LPL Financial LLC owned approximately 0.07% of Abrdn Asia-Pacific Income Fund worth $2,496,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at $37,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the third quarter valued at about $55,000. Calamos Advisors LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter worth about $162,000. Apollon Wealth Management LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter worth about $170,000. Finally, Mezzasalma Advisors LLC acquired a new stake in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at approximately $361,000. Institutional investors own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Trading Up 0.3 %
NYSEAMERICAN:FAX traded up $0.05 during trading hours on Friday, reaching $15.01. 98,351 shares of the stock were exchanged, compared to its average volume of 149,999. Abrdn Asia-Pacific Income Fund Inc has a twelve month low of $13.99 and a twelve month high of $17.55. The firm has a 50 day moving average of $15.47 and a 200 day moving average of $15.03.
Abrdn Asia-Pacific Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 13.19%. The ex-dividend date of this dividend is Wednesday, April 23rd.
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.
Featured Articles
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
