US Bancorp DE Sells 1,425 Shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX)

US Bancorp DE lowered its stake in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 4.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,241 shares of the investment management company’s stock after selling 1,425 shares during the quarter. US Bancorp DE’s holdings in abrdn Asia-Pacific Income Fund were worth $475,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FAX. Cetera Investment Advisers boosted its position in shares of abrdn Asia-Pacific Income Fund by 1.1% in the first quarter. Cetera Investment Advisers now owns 211,501 shares of the investment management company’s stock valued at $3,321,000 after acquiring an additional 2,255 shares during the period. Private Advisor Group LLC boosted its position in shares of abrdn Asia-Pacific Income Fund by 2.7% in the first quarter. Private Advisor Group LLC now owns 32,782 shares of the investment management company’s stock valued at $515,000 after acquiring an additional 864 shares during the period. Easterly Investment Partners LLC boosted its position in shares of abrdn Asia-Pacific Income Fund by 18.2% in the first quarter. Easterly Investment Partners LLC now owns 31,239 shares of the investment management company’s stock valued at $490,000 after acquiring an additional 4,800 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC boosted its position in shares of abrdn Asia-Pacific Income Fund by 2.5% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 46,264 shares of the investment management company’s stock valued at $726,000 after acquiring an additional 1,116 shares during the period. Finally, Apollon Wealth Management LLC boosted its position in shares of abrdn Asia-Pacific Income Fund by 24.0% in the first quarter. Apollon Wealth Management LLC now owns 14,295 shares of the investment management company’s stock valued at $224,000 after acquiring an additional 2,768 shares during the period. Institutional investors own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Stock Up 0.4%

Shares of FAX stock opened at $16.35 on Wednesday. abrdn Asia-Pacific Income Fund, Inc. has a one year low of $13.99 and a one year high of $17.55. The stock has a fifty day moving average price of $15.99 and a 200 day moving average price of $15.55.

abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 24th were paid a dividend of $0.165 per share. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date was Thursday, July 24th.

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.