J.W. Cole Advisors Inc. lessened its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 83.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,630 shares of the investment management company's stock after selling 145,567 shares during the period. J.W. Cole Advisors Inc.'s holdings in Abrdn Asia-Pacific Income Fund were worth $516,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ironsides Asset Advisors LLC lifted its position in shares of Abrdn Asia-Pacific Income Fund by 9.6% during the first quarter. Ironsides Asset Advisors LLC now owns 80,862 shares of the investment management company's stock worth $226,000 after purchasing an additional 7,075 shares in the last quarter. Garner Asset Management Corp boosted its position in Abrdn Asia-Pacific Income Fund by 26.1% in the 1st quarter. Garner Asset Management Corp now owns 43,075 shares of the investment management company's stock valued at $121,000 after buying an additional 8,925 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Abrdn Asia-Pacific Income Fund by 9.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 108,223 shares of the investment management company's stock valued at $303,000 after buying an additional 9,766 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 acquiring an additional 9,885 shares during the last quarter. Finally, Koshinski Asset Management Inc. purchased a new position in Abrdn Asia-Pacific Income Fund in the first quarter valued at about $30,000. Institutional investors and hedge funds own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Stock Performance
FAX stock traded down $0.07 during midday trading on Thursday, hitting $16.40. 117,531 shares of the company's stock were exchanged, compared to its average volume of 140,296. Abrdn Asia-Pacific Income Fund Inc has a 12-month low of $14.23 and a 12-month high of $17.55.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be paid a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a yield of 12.07%. The ex-dividend date is Thursday, October 24th.
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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