Nwam LLC Decreases Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Nwam LLC lowered its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 83.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,738 shares of the investment management company's stock after selling 163,157 shares during the quarter. Nwam LLC's holdings in Abrdn Asia-Pacific Income Fund were worth $570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CreativeOne Wealth LLC purchased a new stake in Abrdn Asia-Pacific Income Fund during the first quarter worth $38,000. AE Wealth Management LLC purchased a new stake in Abrdn Asia-Pacific Income Fund during the second quarter worth $54,000. Northwestern Mutual Wealth Management Co. lifted its holdings in 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. Midland Wealth Advisors LLC purchased a new stake in Abrdn Asia-Pacific Income Fund during the second quarter worth $106,000. Finally, Chapin Davis Inc. lifted its holdings in Abrdn Asia-Pacific Income Fund by 124.5% during the second quarter. Chapin Davis Inc. now owns 39,789 shares of the investment management company's stock worth $107,000 after buying an additional 22,067 shares during the period. Institutional investors own 33.55% of the company's stock.

Abrdn Asia-Pacific Income Fund Trading Up 0.4 %

Shares of FAX traded up $0.07 during midday trading on Friday, hitting $15.77. 93,611 shares of the company's stock traded hands, compared to its average volume of 164,267. 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 company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a $0.165 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.98 dividend on an annualized basis and a yield of 12.56%.

Abrdn Asia-Pacific Income Fund 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.