International Assets Investment Management LLC cut its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX – Free Report) by 74.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,674 shares of the investment management company’s stock after selling 173,459 shares during the quarter. International Assets Investment Management LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $1,056,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FAX. Evergreen Capital Management LLC raised its holdings in shares of Abrdn Asia-Pacific Income Fund by 6.9% during the second quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company’s stock valued at $12,125,000 after acquiring an additional 293,929 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Abrdn Asia-Pacific Income Fund by 1.2% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 1,257,206 shares of the investment management company’s stock worth $3,369,000 after purchasing an additional 14,741 shares during the last quarter. Family Firm Inc. lifted its position in Abrdn Asia-Pacific Income Fund by 2.9% in the second quarter. Family Firm Inc. now owns 738,856 shares of the investment management company’s stock valued at $1,980,000 after buying an additional 20,859 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Abrdn Asia-Pacific Income Fund by 9.2% during the second quarter. Park Avenue Securities LLC now owns 520,837 shares of the investment management company’s stock worth $1,396,000 after buying an additional 44,010 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Abrdn Asia-Pacific Income Fund by 4.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 423,921 shares of the investment management company’s stock worth $1,136,000 after buying an additional 19,005 shares during the period. Hedge funds and other institutional investors own 33.55% of the company’s stock.
Abrdn Asia-Pacific Income Fund Price Performance
Shares of FAX stock opened at $16.35 on Tuesday. Abrdn Asia-Pacific Income Fund Inc has a fifty-two week low of $14.88 and a fifty-two week high of $17.55.
Abrdn Asia-Pacific Income Fund Dividend Announcement
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.
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