Bank of America Corp DE Has $1.28 Million Holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Bank of America Corp DE trimmed its position in 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 & Exchange Commission. The firm owned 86,654 shares of the investment management company's stock after selling 29,056 shares during the quarter. 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 & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Apollon Wealth Management LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter worth $170,000. Mezzasalma Advisors LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $361,000. HighTower Advisors LLC purchased a new stake in Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $619,000. LPL Financial LLC grew its stake in Abrdn Asia-Pacific Income Fund by 42.7% during the 4th quarter. LPL Financial LLC now owns 169,537 shares of the investment management company's stock valued at $2,496,000 after purchasing an additional 50,736 shares during the last quarter. Finally, Maridea Wealth Management LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at approximately $416,000. 33.55% of the stock is owned by institutional investors.

Abrdn Asia-Pacific Income Fund Trading Down 0.2%

FAX stock traded down $0.03 on Monday, reaching $15.72. 81,967 shares of the company's stock were exchanged, compared to its average volume of 146,724. Abrdn Asia-Pacific Income Fund Inc has a twelve month low of $13.99 and a twelve month high of $17.55. The stock has a fifty day moving average of $15.34 and a 200-day moving average of $15.32.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd were given a $0.165 dividend. This represents a $1.98 annualized dividend and a yield of 12.60%. The ex-dividend date of this dividend was Thursday, May 22nd.

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.