US Bancorp DE lessened its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 83.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,119 shares of the investment management company's stock after selling 160,601 shares during the period. US Bancorp DE's holdings in Abrdn Asia-Pacific Income Fund were worth $559,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Koshinski Asset Management Inc. bought a new stake in Abrdn Asia-Pacific Income Fund in the 1st quarter worth about $30,000. CreativeOne Wealth LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the 1st quarter worth about $38,000. AE Wealth Management LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the 2nd quarter worth about $54,000. Northwestern Mutual Wealth Management Co. grew its position 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 worth $103,000 after purchasing an additional 9,885 shares in the last quarter. Finally, Midland Wealth Advisors LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the 2nd quarter worth about $106,000. Institutional investors and hedge funds own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Stock Down 1.6 %
FAX stock traded down $0.27 during trading on Monday, reaching $16.70. The stock had a trading volume of 182,074 shares, compared to its average volume of 139,692. Abrdn Asia-Pacific Income Fund Inc has a one year low of $14.88 and a one year high of $17.55.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The business also recently announced 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. This represents a $1.98 dividend on an annualized basis and a dividend yield of 11.86%. The ex-dividend date was Thursday, October 24th.
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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