Private Advisor Group LLC Reduces Stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Private Advisor Group LLC lowered its stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 24.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,918 shares of the investment management company’s stock after selling 10,209 shares during the period. Private Advisor Group LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $470,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB bought a new position in Abrdn Asia-Pacific Income Fund in the third quarter worth approximately $55,000. Centaurus Financial Inc. bought a new position in Abrdn Asia-Pacific Income Fund in the third quarter worth approximately $101,000. Calamos Advisors LLC bought a new position in Abrdn Asia-Pacific Income Fund in the fourth quarter worth approximately $162,000. Finally, Apollon Wealth Management LLC bought a new position in Abrdn Asia-Pacific Income Fund in the fourth quarter worth approximately $170,000. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of NYSEAMERICAN:FAX opened at $15.71 on Tuesday. Abrdn Asia-Pacific Income Fund Inc has a 52-week low of $14.56 and a 52-week high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.165 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.98 annualized dividend and a yield of 12.60%.

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.