Invesco Ltd. Has $8.65 Million Position in abrdn Asia-Pacific Income Fund, Inc. $FAX

Key Points

• Invesco Ltd. reduced its stake in the abrdn Asia-Pacific Income Fund by 4.4%, now owning approximately 550,773 shares worth $8,647,000.
• Other institutional investors have also made changes, with Stratos Wealth Advisors LLC significantly increasing its position by 72.0% in the same quarter.
• The fund announced a dividend of $0.165 per share, with a dividend yield of 1,212.0%, to be paid on August 29th.

Invesco Ltd. lessened its position in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX - Free Report) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 550,773 shares of the investment management company's stock after selling 25,096 shares during the period. Invesco Ltd. owned approximately 0.22% of abrdn Asia-Pacific Income Fund worth $8,647,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in 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. Private Advisor Group LLC raised its position in 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. Easterly Investment Partners LLC raised its position in abrdn Asia-Pacific Income Fund by 18.2% in the first quarter. Easterly Investment Partners LLC now owns 31,239 shares of the investment management company's stock valued at $490,000 after purchasing an additional 4,800 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC raised its position in abrdn Asia-Pacific Income Fund by 2.5% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 46,264 shares of the investment management company's stock valued at $726,000 after purchasing an additional 1,116 shares during the period. Finally, Apollon Wealth Management LLC raised its position in abrdn Asia-Pacific Income Fund by 24.0% in the first quarter. Apollon Wealth Management LLC now owns 14,295 shares of the investment management company's stock valued at $224,000 after purchasing an additional 2,768 shares during the period. Hedge funds and other institutional investors own 33.55% of the company's stock.

abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN:FAX traded down $0.05 on Friday, reaching $16.36. The stock had a trading volume of 168,619 shares, compared to its average volume of 142,469. The company has a 50-day moving average of $16.13 and a 200 day moving average of $15.70. 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 company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 22nd will be given a $0.165 dividend. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date of this dividend is Friday, August 22nd.

About abrdn Asia-Pacific Income Fund

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.