Benjamin Edwards Inc. Makes New $1.40 Million Investment in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Benjamin Edwards Inc. bought a new stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 80,351 shares of the investment management company’s stock, valued at approximately $1,398,000.

A number of other large investors also recently modified their holdings of FAX. Centaurus Financial Inc. bought a new position in shares of Abrdn Asia-Pacific Income Fund during the third quarter valued at about $101,000. AE Wealth Management LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund during the 2nd quarter worth approximately $54,000. Shaker Financial Services LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter worth approximately $516,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Abrdn Asia-Pacific Income Fund by 34.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company’s stock valued at $103,000 after acquiring an additional 9,885 shares in the last quarter. Finally, Midland Wealth Advisors LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the second quarter valued at approximately $106,000. Institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Trading Up 0.3 %

FAX stock opened at $15.96 on Friday. 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 declared a monthly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were issued a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.41%. The ex-dividend date of this dividend was Thursday, November 21st.

Abrdn Asia-Pacific Income Fund Company Profile

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.