Private Advisor Group LLC lessened its stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 85.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,127 shares of the investment management company's stock after selling 248,401 shares during the quarter. Private Advisor Group LLC's holdings in Abrdn Asia-Pacific Income Fund were worth $733,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of FAX. J.W. Cole Advisors Inc. raised its position in shares of Abrdn Asia-Pacific Income Fund by 4.0% during the first quarter. J.W. Cole Advisors Inc. now owns 183,748 shares of the investment management company's stock worth $514,000 after acquiring an additional 7,085 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of 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 purchasing an additional 9,766 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter worth approximately $81,000. Bleakley Financial Group LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the first quarter worth approximately $121,000. Finally, Koshinski Asset Management Inc. acquired a new position in Abrdn Asia-Pacific Income Fund in the first quarter valued at approximately $30,000. 33.55% of the stock is owned by institutional investors.
Abrdn Asia-Pacific Income Fund Trading Up 1.2 %
NYSEAMERICAN FAX traded up $0.19 on Friday, reaching $16.59. The company had a trading volume of 135,422 shares, compared to its average volume of 123,571. Abrdn Asia-Pacific Income Fund Inc has a 52 week low of $14.55 and a 52 week high of $17.55.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th were issued a $0.165 dividend. This represents a $1.98 annualized dividend and a dividend yield of 11.93%. The ex-dividend date of this dividend was Thursday, October 24th.
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.
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