EP Wealth Advisors LLC lowered its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 20.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 834,382 shares of the investment management company's stock after selling 213,378 shares during the quarter. EP Wealth Advisors LLC owned approximately 0.34% of Abrdn Asia-Pacific Income Fund worth $12,282,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Abrdn Asia-Pacific Income Fund in the fourth quarter worth about $37,000. Wilmington Savings Fund Society FSB bought a new position in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter worth approximately $55,000. Tower Research Capital LLC TRC lifted its stake in shares of Abrdn Asia-Pacific Income Fund by 641.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company's stock valued at $58,000 after purchasing an additional 3,387 shares during the period. Calamos Advisors LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $162,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $170,000. Hedge funds and other institutional investors own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Price Performance
Shares of Abrdn Asia-Pacific Income Fund stock opened at $15.40 on Thursday. Abrdn Asia-Pacific Income Fund Inc has a 12 month low of $13.99 and a 12 month high of $17.55. The business has a fifty day simple moving average of $15.44 and a two-hundred day simple moving average of $15.14.
Abrdn Asia-Pacific Income Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd were paid a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a yield of 12.86%. The ex-dividend date was Wednesday, April 23rd.
Abrdn Asia-Pacific Income Fund Profile
(
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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