Pathstone Holdings LLC bought a new position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 925,631 shares of the investment management company's stock, valued at approximately $13,626,000. Pathstone Holdings LLC owned approximately 0.37% of Abrdn Asia-Pacific Income Fund as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FAX. PFG Investments LLC increased its stake in Abrdn Asia-Pacific Income Fund by 2.1% during the fourth quarter. PFG Investments LLC now owns 54,815 shares of the investment management company's stock worth $807,000 after acquiring an additional 1,137 shares during the last quarter. Stifel Financial Corp lifted its holdings in Abrdn Asia-Pacific Income Fund by 1.8% during the fourth quarter. Stifel Financial Corp now owns 83,317 shares of the investment management company's stock worth $1,226,000 after buying an additional 1,485 shares during the period. Golden State Wealth Management LLC purchased a new stake in Abrdn Asia-Pacific Income Fund during the fourth quarter worth $37,000. Tower Research Capital LLC TRC increased its position in shares of Abrdn Asia-Pacific Income Fund by 641.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company's stock worth $58,000 after purchasing an additional 3,387 shares in the last quarter. Finally, Easterly Investment Partners LLC increased its position in shares of Abrdn Asia-Pacific Income Fund by 60.8% during the fourth quarter. Easterly Investment Partners LLC now owns 26,439 shares of the investment management company's stock worth $389,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Trading Up 0.3%
Shares of FAX stock traded up $0.05 during mid-day trading on Monday, hitting $15.63. 168,812 shares of the stock were exchanged, compared to its average volume of 146,808. Abrdn Asia-Pacific Income Fund Inc has a 52-week low of $13.99 and a 52-week high of $17.55. The firm has a fifty day moving average of $15.41 and a 200 day moving average of $15.15.
Abrdn Asia-Pacific Income Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 22nd will be issued a $0.165 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $1.98 annualized dividend and a yield of 12.67%.
About Abrdn Asia-Pacific Income Fund
(
Free Report)
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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