Evergreen Capital Management LLC Grows Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Evergreen Capital Management LLC grew its stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,524,105 shares of the investment management company’s stock after buying an additional 293,929 shares during the quarter. Evergreen Capital Management LLC owned approximately 1.83% of Abrdn Asia-Pacific Income Fund worth $12,125,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ironsides Asset Advisors LLC raised its stake in Abrdn Asia-Pacific Income Fund by 9.6% during the 1st quarter. Ironsides Asset Advisors LLC now owns 80,862 shares of the investment management company’s stock worth $226,000 after acquiring an additional 7,075 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of Abrdn Asia-Pacific Income Fund by 4.0% during the 1st quarter. J.W. Cole Advisors Inc. now owns 183,748 shares of the investment management company’s stock valued at $514,000 after buying an additional 7,085 shares in the last quarter. Garner Asset Management Corp boosted its holdings in Abrdn Asia-Pacific Income Fund by 26.1% in the 1st quarter. Garner Asset Management Corp now owns 43,075 shares of the investment management company’s stock worth $121,000 after buying an additional 8,925 shares during the period. Janney Montgomery Scott LLC increased its stake in Abrdn Asia-Pacific Income Fund by 9.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 108,223 shares of the investment management company’s stock worth $303,000 after buying an additional 9,766 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in Abrdn Asia-Pacific Income Fund during the first quarter valued at about $30,000. Institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN:FAX opened at $17.51 on Monday. Abrdn Asia-Pacific Income Fund Inc has a 12-month low of $13.98 and a 12-month high of $17.55.

Abrdn Asia-Pacific Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 23rd will be given a dividend of $0.165 per share. This is a positive change from Abrdn Asia-Pacific Income Fund’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $1.98 dividend on an annualized basis and a dividend yield of 11.31%.

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.