Stifel Financial Corp Lowers Stock Holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Stifel Financial Corp reduced its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 79.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,832 shares of the investment management company’s stock after selling 325,446 shares during the period. Stifel Financial Corp’s holdings in Abrdn Asia-Pacific Income Fund were worth $1,424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FAX. Centaurus Financial Inc. acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter worth about $101,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Abrdn Asia-Pacific Income Fund by 34.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company’s stock worth $103,000 after acquiring an additional 9,885 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Abrdn Asia-Pacific Income Fund by 5.2% during the 2nd quarter. International Assets Investment Management LLC now owns 234,133 shares of the investment management company’s stock worth $627,000 after acquiring an additional 11,492 shares during the period. Easterly Investment Partners LLC boosted its position in shares of Abrdn Asia-Pacific Income Fund by 14.8% during the 2nd quarter. Easterly Investment Partners LLC now owns 89,800 shares of the investment management company’s stock valued at $241,000 after acquiring an additional 11,600 shares during the last quarter. Finally, Garner Asset Management Corp grew its holdings in shares of Abrdn Asia-Pacific Income Fund by 33.5% in the third quarter. Garner Asset Management Corp now owns 55,884 shares of the investment management company’s stock valued at $972,000 after purchasing an additional 14,009 shares during the period. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Asia-Pacific Income Fund Trading Down 0.2 %

Abrdn Asia-Pacific Income Fund stock opened at $15.24 on Friday. Abrdn Asia-Pacific Income Fund Inc has a 12-month low of $14.88 and a 12-month high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.99%.

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.