PFG Investments LLC Has $934,000 Stock Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

PFG Investments LLC trimmed its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 85.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,678 shares of the investment management company's stock after selling 303,479 shares during the quarter. PFG Investments LLC's holdings in Abrdn Asia-Pacific Income Fund were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at $142,000. Cetera Advisors LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the 1st quarter valued at $516,000. Evergreen Capital Management LLC grew its holdings in shares of 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 worth $12,125,000 after purchasing an additional 293,929 shares during the last quarter. Matisse Capital bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the 2nd quarter worth about $753,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Abrdn Asia-Pacific Income Fund by 34.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company's stock worth $103,000 after purchasing an additional 9,885 shares during the last quarter. 33.55% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Stock Down 1.2 %

Shares of FAX traded down $0.20 during trading hours on Monday, hitting $16.53. The stock had a trading volume of 176,485 shares, compared to its average volume of 140,556. Abrdn Asia-Pacific Income Fund Inc has a 52 week low of $14.10 and a 52 week high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th will be paid a $0.165 dividend. This represents a $1.98 annualized dividend and a dividend yield of 11.98%. The ex-dividend date of this dividend is Thursday, October 24th.

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.