Oppenheimer & Co. Inc. lessened its holdings in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 85.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 16,416 shares of the investment management company's stock after selling 97,584 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Abrdn Asia-Pacific Income Fund were worth $286,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. CreativeOne Wealth LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter valued at $38,000. AE Wealth Management LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the second quarter worth about $54,000. Shaker Financial Services LLC acquired a new stake in Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at about $516,000. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 valued at $103,000 after acquiring an additional 9,885 shares during the last quarter. Finally, Midland Wealth Advisors LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at about $106,000. Institutional investors own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Stock Up 0.4 %
Shares of FAX traded up $0.07 during mid-day trading on Friday, hitting $15.77. The company's stock had a trading volume of 93,611 shares, compared to its average volume of 164,267. Abrdn Asia-Pacific Income Fund Inc has a fifty-two week low of $14.88 and a fifty-two week high of $17.55.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a $0.165 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.98 annualized dividend and a yield of 12.56%.
About Abrdn Asia-Pacific Income Fund
(
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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