Rockefeller Capital Management L.P. reduced its stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 33.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 37,050 shares of the investment management company's stock after selling 18,754 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Abrdn Asia-Pacific Income Fund were worth $545,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at about $37,000. Wilmington Savings Fund Society FSB bought a new position in shares of Abrdn Asia-Pacific Income Fund in the third quarter worth $55,000. Calamos Advisors LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at $162,000. Apollon Wealth Management LLC bought a new position in Abrdn Asia-Pacific Income Fund in the 4th quarter worth about $170,000. Finally, Mezzasalma Advisors LLC bought a new position in Abrdn Asia-Pacific Income Fund in the 4th quarter worth about $361,000. Institutional investors own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Trading Down 1.0 %
Shares of Abrdn Asia-Pacific Income Fund stock traded down $0.16 on Friday, reaching $15.12. The stock had a trading volume of 98,661 shares, compared to its average volume of 150,065. The business's 50 day moving average is $15.45 and its two-hundred day moving average is $15.12. Abrdn Asia-Pacific Income Fund Inc has a 1 year low of $13.99 and a 1 year high of $17.55.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.165 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $1.98 dividend on an annualized basis and a dividend yield of 13.10%.
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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