International Assets Investment Management LLC decreased its holdings in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 74.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,674 shares of the investment management company's stock after selling 173,459 shares during the quarter. International Assets Investment Management LLC's holdings in Abrdn Asia-Pacific Income Fund were worth $1,056,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Koshinski Asset Management Inc. bought a new position in shares of Abrdn Asia-Pacific Income Fund in the 1st quarter worth $30,000. CreativeOne Wealth LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter valued at $38,000. AE Wealth Management LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at $54,000. ORG Partners LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter valued at $81,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of 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 purchasing an additional 9,885 shares during the last quarter. Institutional investors and hedge funds own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Price Performance
FAX traded up $0.24 during trading hours on Tuesday, hitting $16.60. The stock had a trading volume of 99,113 shares, compared to its average volume of 139,936. 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 Announces Dividend
The business also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.98 annualized dividend and a yield of 11.93%.
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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