LPL Financial LLC Has $2.46 Million Stock Position in abrdn Asia-Pacific Income Fund, Inc. $FAX

LPL Financial LLC lessened its stake in abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 7.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156,607 shares of the investment management company’s stock after selling 12,930 shares during the quarter. LPL Financial LLC owned approximately 0.06% of abrdn Asia-Pacific Income Fund worth $2,459,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Invesco Ltd. raised its stake in abrdn Asia-Pacific Income Fund by 16.3% in the fourth quarter. Invesco Ltd. now owns 575,869 shares of the investment management company’s stock valued at $8,477,000 after buying an additional 80,530 shares during the period. Walleye Capital LLC bought a new stake in abrdn Asia-Pacific Income Fund in the 4th quarter valued at $505,000. Guggenheim Capital LLC acquired a new position in abrdn Asia-Pacific Income Fund in the 4th quarter valued at $234,000. Tower Research Capital LLC TRC grew its holdings in abrdn Asia-Pacific Income Fund by 641.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company’s stock valued at $58,000 after buying an additional 3,387 shares in the last quarter. Finally, Shaker Financial Services LLC increased its position in abrdn Asia-Pacific Income Fund by 638.9% during the 4th quarter. Shaker Financial Services LLC now owns 219,257 shares of the investment management company’s stock worth $3,255,000 after buying an additional 189,585 shares during the period. Institutional investors and hedge funds own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN FAX opened at $16.48 on Tuesday. abrdn Asia-Pacific Income Fund, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $17.55. The business has a fifty day moving average price of $16.05 and a two-hundred day moving average price of $15.61.

abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 25th will be issued a $0.165 dividend. This represents a yield of 1,212.0%. The ex-dividend date is Friday, August 22nd.

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.