Thrivent Financial for Lutherans Lowers Stock Holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Thrivent Financial for Lutherans cut its stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 83.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 106,922 shares of the investment management company’s stock after selling 531,626 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Abrdn Asia-Pacific Income Fund were worth $1,861,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. AE Wealth Management LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the 2nd quarter valued at approximately $54,000. Shaker Financial Services LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter worth approximately $516,000. Northwestern Mutual Wealth Management Co. raised 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 valued at $103,000 after acquiring an additional 9,885 shares during the period. Midland Wealth Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the second quarter valued at approximately $106,000. Finally, Chapin Davis Inc. increased its stake in shares of Abrdn Asia-Pacific Income Fund by 124.5% during the second quarter. Chapin Davis Inc. now owns 39,789 shares of the investment management company’s stock worth $107,000 after buying an additional 22,067 shares during the period. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of Abrdn Asia-Pacific Income Fund stock opened at $15.76 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 disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be given a $0.165 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.98 dividend on an annualized basis and a yield of 12.56%.

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.