Bank of America Corp DE lowered its stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 25.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,654 shares of the investment management company's stock after selling 29,056 shares during the period. Bank of America Corp DE's holdings in Abrdn Asia-Pacific Income Fund were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Calamos Advisors LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter worth about $162,000. Stratos Wealth Advisors LLC increased its stake in Abrdn Asia-Pacific Income Fund by 13.0% in the 4th quarter. Stratos Wealth Advisors LLC now owns 101,017 shares of the investment management company's stock worth $1,487,000 after acquiring an additional 11,596 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the 4th quarter worth approximately $37,000. Mezzasalma Advisors LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter worth approximately $361,000. Finally, Apollon Wealth Management LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund during the 4th 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 Trading Up 0.3%
FAX traded up $0.05 during trading hours on Friday, hitting $15.75. The company's stock had a trading volume of 52,104 shares, compared to its average volume of 146,984. The business's 50-day moving average price is $15.34 and its 200-day moving average price is $15.32. Abrdn Asia-Pacific Income Fund Inc has a 12 month low of $13.99 and a 12 month high of $17.55.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were issued a $0.165 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.57%.
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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