UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 92.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,000 shares of the investment management company's stock after selling 115,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Abrdn Asia-Pacific Income Fund were worth $174,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Evergreen Capital Management LLC raised its stake in Abrdn Asia-Pacific Income Fund by 6.9% in the second quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company's stock worth $12,125,000 after buying an additional 293,929 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Abrdn Asia-Pacific Income Fund by 4.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 423,921 shares of the investment management company's stock worth $1,136,000 after acquiring an additional 19,005 shares in the last quarter. PFG Investments LLC lifted its stake in shares of Abrdn Asia-Pacific Income Fund by 43.6% in the 2nd quarter. PFG Investments LLC now owns 357,157 shares of the investment management company's stock valued at $957,000 after purchasing an additional 108,402 shares during the period. Private Advisor Group LLC lifted its stake in shares of Abrdn Asia-Pacific Income Fund by 7.1% in the 2nd quarter. Private Advisor Group LLC now owns 290,528 shares of the investment management company's stock valued at $779,000 after purchasing an additional 19,363 shares during the period. Finally, Matisse Capital bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the second quarter valued at approximately $753,000. 33.55% of the stock is owned by hedge funds and other institutional investors.
Abrdn Asia-Pacific Income Fund Trading Down 0.2 %
Shares of Abrdn Asia-Pacific Income Fund stock traded down $0.03 during trading on Friday, hitting $15.24. The company's stock had a trading volume of 240,806 shares, compared to its average volume of 143,046. Abrdn Asia-Pacific Income Fund Inc has a 52 week low of $14.88 and a 52 week high of $17.55.
Abrdn Asia-Pacific Income Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be issued a $0.165 dividend. This represents a $1.98 annualized dividend and a yield of 12.99%. The ex-dividend date is Monday, December 30th.
Abrdn Asia-Pacific Income Fund Company 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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