Sanctuary Advisors LLC Invests $142,000 in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Sanctuary Advisors LLC bought a new position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 55,285 shares of the investment management company’s stock, valued at approximately $142,000.

Other large investors have also bought and sold shares of the company. International Assets Investment Management LLC increased its position in Abrdn Asia-Pacific Income Fund by 19.0% in the 1st quarter. International Assets Investment Management LLC now owns 222,641 shares of the investment management company’s stock valued at $619,000 after acquiring an additional 35,477 shares in the last quarter. Hartline Investment Corp bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the first quarter valued at approximately $115,000. J.W. Cole Advisors Inc. increased its holdings in shares of Abrdn Asia-Pacific Income Fund by 4.0% in the first quarter. J.W. Cole Advisors Inc. now owns 183,748 shares of the investment management company’s stock valued at $514,000 after purchasing an additional 7,085 shares in the last quarter. Private Advisor Group LLC raised its position in Abrdn Asia-Pacific Income Fund by 8.7% in the 1st quarter. Private Advisor Group LLC now owns 271,165 shares of the investment management company’s stock worth $759,000 after purchasing an additional 21,713 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Abrdn Asia-Pacific Income Fund by 9.9% during 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. 33.55% of the stock is currently owned by institutional investors.

Abrdn Asia-Pacific Income Fund Stock Up 0.7 %

Shares of FAX opened at $16.98 on Tuesday. Abrdn Asia-Pacific Income Fund Inc has a 52 week low of $13.98 and a 52 week high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 24th will be given a $0.165 dividend. The ex-dividend date is Thursday, October 24th. This represents a $1.98 dividend on an annualized basis and a yield of 11.66%.

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.