Private Advisor Group LLC Decreases Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Private Advisor Group LLC lessened its holdings in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,918 shares of the investment management company’s stock after selling 10,209 shares during the period. Private Advisor Group LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $470,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FAX. EP Wealth Advisors LLC raised its stake in Abrdn Asia-Pacific Income Fund by 792.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,047,760 shares of the investment management company’s stock worth $18,231,000 after acquiring an additional 930,402 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in Abrdn Asia-Pacific Income Fund by 13.0% in the 4th quarter. Stratos Wealth Advisors LLC now owns 101,017 shares of the investment management company’s stock worth $1,487,000 after acquiring an additional 11,596 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in Abrdn Asia-Pacific Income Fund in the 3rd quarter worth $1,398,000. Garner Asset Management Corp raised its stake in Abrdn Asia-Pacific Income Fund by 33.5% in the 3rd quarter. Garner Asset Management Corp now owns 55,884 shares of the investment management company’s stock worth $972,000 after acquiring an additional 14,009 shares during the last quarter. Finally, PFG Investments LLC raised its stake in Abrdn Asia-Pacific Income Fund by 2.1% in the 4th quarter. PFG Investments LLC now owns 54,815 shares of the investment management company’s stock worth $807,000 after acquiring an additional 1,137 shares during the last quarter. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Up 0.8 %

Shares of FAX stock opened at $15.71 on Tuesday. Abrdn Asia-Pacific Income Fund Inc has a 1 year low of $14.56 and a 1 year high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.60%.

Abrdn Asia-Pacific Income Fund 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.