Shaker Financial Services LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,672 shares of the investment management company's stock, valued at approximately $516,000.
Other hedge funds have also recently bought and sold shares of the company. Ironsides Asset Advisors LLC boosted its stake in Abrdn Asia-Pacific Income Fund by 9.6% in the first quarter. Ironsides Asset Advisors LLC now owns 80,862 shares of the investment management company's stock valued at $226,000 after buying an additional 7,075 shares in the last quarter. Garner Asset Management Corp grew its holdings in shares of Abrdn Asia-Pacific Income Fund by 26.1% during the 1st quarter. Garner Asset Management Corp now owns 43,075 shares of the investment management company's stock valued at $121,000 after purchasing an additional 8,925 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Abrdn Asia-Pacific Income Fund by 9.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 108,223 shares of the investment management company's stock worth $303,000 after purchasing an additional 9,766 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake 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 purchasing an additional 9,885 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in Abrdn Asia-Pacific Income Fund in the 1st quarter valued at approximately $30,000. 33.55% of the stock is owned by institutional investors.
Abrdn Asia-Pacific Income Fund Stock Up 0.2 %
Shares of Abrdn Asia-Pacific Income Fund stock traded up $0.03 on Friday, hitting $16.93. The stock had a trading volume of 82,942 shares, compared to its average volume of 139,260. Abrdn Asia-Pacific Income Fund Inc has a twelve month low of $14.88 and a twelve month high of $17.55.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 11.70%.
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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