Pekin Hardy Strauss Inc. lessened its stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 84.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,115 shares of the investment management company's stock after selling 199,456 shares during the period. Pekin Hardy Strauss Inc.'s holdings in Abrdn Asia-Pacific Income Fund were worth $628,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CreativeOne Wealth LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the first quarter valued at $38,000. AE Wealth Management LLC purchased a new position in Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at about $54,000. Centaurus Financial Inc. purchased a new position in Abrdn Asia-Pacific Income Fund during the 3rd quarter valued at about $101,000. Northwestern Mutual Wealth Management Co. increased its position in 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 period. Finally, Midland Wealth Advisors LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the 2nd quarter valued at about $106,000. Institutional investors own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Trading Up 0.5 %
Abrdn Asia-Pacific Income Fund stock traded up $0.08 during trading hours on Monday, reaching $15.85. The stock had a trading volume of 146,067 shares, compared to its average volume of 142,413. Abrdn Asia-Pacific Income Fund Inc has a 52 week low of $14.88 and a 52 week high of $17.55.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a dividend of $0.165 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.98 annualized dividend and a yield of 12.49%.
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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