EP Wealth Advisors LLC Decreases Stake in abrdn Asia-Pacific Income Fund, Inc. $FAX

Key Points

• EP Wealth Advisors LLC decreased its holdings in abrdn Asia-Pacific Income Fund by 2.6%, owning 812,337 shares valued at approximately $12.75 million after selling 22,045 shares in the 1st quarter.
• The fund announced a monthly dividend of $0.165 per share, representing an annualized yield of 12.2%, with the ex-dividend date on August 22nd.
• Shares of abrdn Asia-Pacific Income Fund recently traded at $16.29, with a 12-month range between $13.99 and $17.55.

EP Wealth Advisors LLC decreased its holdings in abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 812,337 shares of the investment management company's stock after selling 22,045 shares during the quarter. EP Wealth Advisors LLC owned 0.33% of abrdn Asia-Pacific Income Fund worth $12,754,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SFI Advisors LLC boosted its stake in shares of abrdn Asia-Pacific Income Fund by 112.1% in the first quarter. SFI Advisors LLC now owns 31,655 shares of the investment management company's stock valued at $497,000 after purchasing an additional 16,730 shares during the period. Ethos Financial Group LLC purchased a new position in shares of abrdn Asia-Pacific Income Fund in the first quarter valued at approximately $575,000. Leigh Baldwin & CO. LLC purchased a new position in shares of abrdn Asia-Pacific Income Fund in the first quarter valued at approximately $160,000. Cetera Investment Advisers boosted its stake in shares of abrdn Asia-Pacific Income Fund by 1.1% in the first quarter. Cetera Investment Advisers now owns 211,501 shares of the investment management company's stock valued at $3,321,000 after purchasing an additional 2,255 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of abrdn Asia-Pacific Income Fund by 2.7% in the first quarter. Private Advisor Group LLC now owns 32,782 shares of the investment management company's stock valued at $515,000 after purchasing an additional 864 shares during the period. Hedge funds and other institutional investors own 33.55% of the company's stock.

abrdn Asia-Pacific Income Fund Trading Up 0.3%

Shares of NYSEAMERICAN FAX traded up $0.04 during midday trading on Monday, hitting $16.47. The company's stock had a trading volume of 30,917 shares, compared to its average volume of 140,873. The business's fifty day simple moving average is $16.20 and its two-hundred day simple moving average is $15.75. abrdn Asia-Pacific Income Fund, Inc. has a 1 year low of $13.99 and a 1 year high of $17.55.

abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 22nd were paid a $0.165 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a c) annualized dividend and a dividend yield of 12.0%.

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.