Oppenheimer & Co. Inc. Increases Stock Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Oppenheimer & Co. Inc. lifted its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 202.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 66,500 shares of the investment management company’s stock after purchasing an additional 44,500 shares during the period. Oppenheimer & Co. Inc.’s holdings in Abrdn Asia-Pacific Income Fund were worth $177,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Saba Capital Management L.P. bought a new position in shares of Abrdn Asia-Pacific Income Fund in the 1st quarter worth $34,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Abrdn Asia-Pacific Income Fund in the first quarter worth $27,000. IHT Wealth Management LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the third quarter worth $27,000. Cetera Advisor Networks LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter valued at $43,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 22.56% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN:FAX opened at $2.63 on Friday. Abrdn Asia-Pacific Income Fund Inc has a twelve month low of $2.26 and a twelve month high of $2.92.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th were given a dividend of $0.0275 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.33 dividend on an annualized basis and a yield of 12.57%.

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.