Amundi raised its stake in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX - Free Report) by 12.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,005,906 shares of the investment management company's stock after buying an additional 110,850 shares during the quarter. Amundi owned about 0.41% of abrdn Asia-Pacific Income Fund worth $15,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in the stock. Penserra Capital Management LLC grew its holdings in abrdn Asia-Pacific Income Fund by 1.4% during the 1st quarter. Penserra Capital Management LLC now owns 1,056,015 shares of the investment management company's stock valued at $16,579,000 after buying an additional 14,816 shares in the last quarter. Pathstone Holdings LLC bought a new position in shares of abrdn Asia-Pacific Income Fund during the 4th quarter valued at approximately $13,626,000. Cetera Investment Advisers boosted its position in shares of abrdn Asia-Pacific Income Fund by 1.1% during the 1st quarter. Cetera Investment Advisers now owns 211,501 shares of the investment management company's stock valued at $3,321,000 after acquiring an additional 2,255 shares during the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of abrdn Asia-Pacific Income Fund by 72.0% during the 1st quarter. Stratos Wealth Advisors LLC now owns 173,799 shares of the investment management company's stock valued at $2,729,000 after acquiring an additional 72,782 shares during the last quarter. Finally, Family Firm Inc. boosted its position in shares of abrdn Asia-Pacific Income Fund by 5.0% during the 1st quarter. Family Firm Inc. now owns 132,771 shares of the investment management company's stock valued at $2,085,000 after acquiring an additional 6,323 shares during the last quarter. 33.55% of the stock is owned by hedge funds and other institutional investors.
abrdn Asia-Pacific Income Fund Stock Down 0.2%
Shares of NYSEAMERICAN FAX traded down $0.03 during midday trading on Wednesday, reaching $16.54. 134,604 shares of the stock traded hands, compared to its average volume of 147,761. abrdn Asia-Pacific Income Fund, Inc. has a one year low of $13.99 and a one year high of $17.55. The company's 50 day moving average is $16.22 and its 200 day moving average is $15.78.
abrdn Asia-Pacific Income Fund Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 22nd were given a dividend of $0.165 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date was Friday, August 22nd.
abrdn Asia-Pacific Income Fund Company 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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