Penserra Capital Management LLC Sells 653,068 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Penserra Capital Management LLC lessened its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 40.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 971,062 shares of the investment management company's stock after selling 653,068 shares during the period. Penserra Capital Management LLC owned about 0.39% of Abrdn Asia-Pacific Income Fund worth $16,896,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FAX. Shaker Financial Services LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter worth approximately $516,000. Sanctuary Advisors LLC acquired a new stake in Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at $142,000. Creekside Partners bought a new position in Abrdn Asia-Pacific Income Fund during the second quarter worth $154,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Abrdn Asia-Pacific Income Fund by 34.4% in the second 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. Finally, Evergreen Capital Management LLC boosted its holdings in shares of Abrdn Asia-Pacific Income Fund by 6.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company's stock worth $12,125,000 after buying an additional 293,929 shares during the period. 33.55% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Trading Up 0.4 %

Shares of NYSEAMERICAN FAX traded up $0.07 during trading hours on Friday, reaching $15.77. 93,611 shares of the stock were exchanged, compared to its average volume of 164,267. 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 business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a dividend yield of 12.56%. The ex-dividend date is Thursday, November 21st.

Abrdn Asia-Pacific Income Fund Company Profile

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.