Commonwealth Equity Services LLC Lowers Stock Holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Commonwealth Equity Services LLC reduced its stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAXFree Report) by 10.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 322,985 shares of the investment management company’s stock after selling 36,286 shares during the quarter. Commonwealth Equity Services LLC owned 0.13% of Abrdn Asia-Pacific Income Fund worth $904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FAX. PFG Investments LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the 1st quarter valued at approximately $697,000. Pekin Hardy Strauss Inc. raised its holdings in Abrdn Asia-Pacific Income Fund by 41.3% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 192,971 shares of the investment management company’s stock worth $523,000 after purchasing an additional 56,365 shares during the last quarter. Simplicity Wealth LLC acquired a new position in Abrdn Asia-Pacific Income Fund during the first quarter worth $121,000. International Assets Investment Management LLC raised its holdings in Abrdn Asia-Pacific Income Fund by 19.0% during the first quarter. International Assets Investment Management LLC now owns 222,641 shares of the investment management company’s stock worth $619,000 after purchasing an additional 35,477 shares during the last quarter. Finally, MB Generational Wealth LLC acquired a new position in Abrdn Asia-Pacific Income Fund during the fourth quarter worth $56,000. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of FAX stock opened at $2.67 on Tuesday. Abrdn Asia-Pacific Income Fund Inc has a 1 year low of $2.33 and a 1 year high of $2.84.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 21st were given a dividend of $0.0275 per share. This represents a $0.33 dividend on an annualized basis and a yield of 12.38%. The ex-dividend date was Friday, June 21st.

Abrdn Asia-Pacific Income Fund Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Abrdn Asia-Pacific Income Fund (NYSEAMERICAN:FAX)

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