Stifel Financial Corp trimmed its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 79.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,832 shares of the investment management company's stock after selling 325,446 shares during the period. Stifel Financial Corp's holdings in Abrdn Asia-Pacific Income Fund were worth $1,424,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Calamos Advisors LLC purchased a new stake in Abrdn Asia-Pacific Income Fund in the second quarter worth about $123,000. Easterly Investment Partners LLC boosted its position in shares of Abrdn Asia-Pacific Income Fund by 14.8% in the 2nd quarter. Easterly Investment Partners LLC now owns 89,800 shares of the investment management company's stock worth $241,000 after purchasing an additional 11,600 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Abrdn Asia-Pacific Income Fund by 5.2% in the 2nd quarter. International Assets Investment Management LLC now owns 234,133 shares of the investment management company's stock worth $627,000 after buying an additional 11,492 shares during the last quarter. Matisse Capital bought a new position in Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at approximately $753,000. Finally, Midland Wealth Advisors LLC purchased a new position in Abrdn Asia-Pacific Income Fund during the second quarter valued at $106,000. Institutional investors own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Price Performance
Abrdn Asia-Pacific Income Fund stock traded down $0.03 during mid-day trading on Friday, hitting $15.24. The company had a trading volume of 240,806 shares, compared to its average volume of 143,046. Abrdn Asia-Pacific Income Fund Inc has a 12 month low of $14.88 and a 12 month high of $17.55.
Abrdn Asia-Pacific Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be paid a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 12.99%. The ex-dividend date is Monday, December 30th.
Abrdn Asia-Pacific Income Fund 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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