Rockefeller Capital Management L.P. Has $971,000 Stock Holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Rockefeller Capital Management L.P. trimmed its holdings in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 83.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 55,804 shares of the investment management company's stock after selling 283,108 shares during the period. Rockefeller Capital Management L.P.'s holdings in Abrdn Asia-Pacific Income Fund were worth $971,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. AE Wealth Management LLC acquired a new stake in Abrdn Asia-Pacific Income Fund in the 2nd quarter valued at $54,000. Centaurus Financial Inc. acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at $101,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 worth $103,000 after purchasing an additional 9,885 shares during the last quarter. Midland Wealth Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 2nd quarter worth about $106,000. Finally, Chapin Davis Inc. increased its position in shares of Abrdn Asia-Pacific Income Fund by 124.5% during the 2nd quarter. Chapin Davis Inc. now owns 39,789 shares of the investment management company's stock worth $107,000 after purchasing an additional 22,067 shares in the last quarter. 33.55% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of NYSEAMERICAN:FAX traded down $0.08 during midday trading on Monday, reaching $15.96. The company's stock had a trading volume of 143,730 shares, compared to its average volume of 142,801. 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 Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were given a $0.165 dividend. The ex-dividend date was Thursday, November 21st. This represents a $1.98 dividend on an annualized basis and a yield of 12.41%.

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.