Thrivent Financial for Lutherans lessened its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 83.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,922 shares of the investment management company's stock after selling 531,626 shares during the quarter. Thrivent Financial for Lutherans' holdings in Abrdn Asia-Pacific Income Fund were worth $1,861,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at $142,000. Shaker Financial Services LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the third quarter worth about $516,000. Cetera Advisors LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the first quarter valued at approximately $516,000. Evergreen Capital Management LLC raised its holdings in Abrdn Asia-Pacific Income Fund by 6.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company's stock valued at $12,125,000 after buying an additional 293,929 shares during the last quarter. Finally, Matisse Capital acquired a new stake in Abrdn Asia-Pacific Income Fund during the 2nd quarter worth approximately $753,000. Institutional investors own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Stock Performance
NYSEAMERICAN FAX traded up $0.10 on Friday, hitting $15.86. The company's stock had a trading volume of 121,377 shares, compared to its average volume of 142,869. Abrdn Asia-Pacific Income Fund Inc has a 1-year low of $14.88 and a 1-year high of $17.55.
Abrdn Asia-Pacific Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.48%.
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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