Allspring Global Investments Holdings LLC Sells 2,259,753 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 59.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,560,292 shares of the investment management company’s stock after selling 2,259,753 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $4,228,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. IHT Wealth Management LLC purchased a new position in Abrdn Asia-Pacific Income Fund in the 3rd quarter worth approximately $27,000. Saba Capital Management L.P. purchased a new position in Abrdn Asia-Pacific Income Fund in the first quarter worth $34,000. Cubist Systematic Strategies LLC bought a new position in Abrdn Asia-Pacific Income Fund in the third quarter valued at $38,000. Clearstead Advisors LLC purchased a new stake in Abrdn Asia-Pacific Income Fund during the third quarter valued at about $42,000. Finally, Cetera Advisor Networks LLC bought a new stake in Abrdn Asia-Pacific Income Fund during the first quarter worth about $43,000. Institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Price Performance

FAX opened at $2.57 on Friday. Abrdn Asia-Pacific Income Fund Inc has a 12-month low of $2.33 and a 12-month high of $2.84.

Abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be paid a $0.0275 dividend. This represents a $0.33 annualized dividend and a yield of 12.84%. The ex-dividend date of this dividend is Monday, April 22nd.

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.