AdvisorNet Financial Inc Sells 4,114 Shares of abrdn Asia-Pacific Income Fund, Inc. $FAX

AdvisorNet Financial Inc reduced its position in abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 31.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,824 shares of the investment management company’s stock after selling 4,114 shares during the quarter. AdvisorNet Financial Inc’s holdings in abrdn Asia-Pacific Income Fund were worth $140,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its stake in shares of abrdn Asia-Pacific Income Fund by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 5,000 shares of the investment management company’s stock valued at $78,000 after purchasing an additional 2,500 shares in the last quarter. Leigh Baldwin & CO. LLC bought a new stake in abrdn Asia-Pacific Income Fund in the first quarter worth $160,000. Jane Street Group LLC purchased a new stake in abrdn Asia-Pacific Income Fund during the first quarter valued at about $170,000. Clear Creek Financial Management LLC bought a new position in shares of abrdn Asia-Pacific Income Fund during the first quarter valued at about $197,000. Finally, Apollon Wealth Management LLC lifted its stake in shares of abrdn Asia-Pacific Income Fund by 24.0% in the 1st 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 last quarter. 33.55% of the stock is currently owned by institutional investors.

abrdn Asia-Pacific Income Fund Price Performance

NYSEAMERICAN:FAX opened at $16.47 on Friday. abrdn Asia-Pacific Income Fund, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $17.50. The business has a 50 day moving average price of $16.34 and a 200-day moving average price of $15.86.

abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 12.0%.

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.