Moors & Cabot Inc. lowered its holdings in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 82.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,571 shares of the investment management company's stock after selling 65,890 shares during the quarter. Moors & Cabot Inc.'s holdings in Abrdn Asia-Pacific Income Fund were worth $236,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Shaker Financial Services LLC purchased a new position in Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at about $516,000. Sanctuary Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the second quarter worth about $142,000. Creekside Partners acquired a new position in Abrdn Asia-Pacific Income Fund during the second quarter worth about $154,000. Northwestern Mutual Wealth Management Co. grew its stake in Abrdn Asia-Pacific Income Fund by 34.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company's stock valued at $103,000 after acquiring an additional 9,885 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in Abrdn Asia-Pacific Income Fund by 6.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company's stock valued at $12,125,000 after acquiring an additional 293,929 shares during the last quarter. 33.55% of the stock is currently owned by hedge funds and other institutional investors.
Abrdn Asia-Pacific Income Fund Stock Performance
Abrdn Asia-Pacific Income Fund stock traded up $0.08 during midday trading on Monday, hitting $15.85. 146,067 shares of the stock were exchanged, compared to its average volume of 142,413. Abrdn Asia-Pacific Income Fund Inc has a fifty-two week low of $14.88 and a fifty-two week high of $17.55.
Abrdn Asia-Pacific Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.98 dividend on an annualized basis and a yield of 12.49%.
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.
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