AdvisorNet Financial Inc Sells 28,700 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

AdvisorNet Financial Inc cut its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 462,564 shares of the investment management company’s stock after selling 28,700 shares during the quarter. AdvisorNet Financial Inc owned 0.19% of Abrdn Asia-Pacific Income Fund worth $1,295,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pekin Hardy Strauss Inc. raised its stake in shares of 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 valued at $523,000 after acquiring an additional 56,365 shares during the last quarter. MB Generational Wealth LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter valued at about $56,000. Sar Wealth Management Group LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at about $31,000. Finally, International Assets Investment Management LLC raised its position in shares of 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 acquiring an additional 35,477 shares during the last quarter. 33.55% of the stock is currently owned by institutional investors.

Abrdn Asia-Pacific Income Fund Trading Down 1.3 %

Shares of FAX stock opened at $2.63 on Tuesday. Abrdn Asia-Pacific Income Fund Inc has a one year low of $2.33 and a one year high of $2.84.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be paid a $0.0275 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 12.57%. The ex-dividend date of this dividend is Friday, June 21st.

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.