abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Shares Acquired by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lifted its position in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX - Free Report) by 72.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 173,799 shares of the investment management company's stock after buying an additional 72,782 shares during the quarter. Stratos Wealth Advisors LLC owned approximately 0.07% of abrdn Asia-Pacific Income Fund worth $2,729,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FAX. Tower Research Capital LLC TRC increased its holdings in abrdn Asia-Pacific Income Fund by 641.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company's stock valued at $58,000 after acquiring an additional 3,387 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in abrdn Asia-Pacific Income Fund by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 5,000 shares of the investment management company's stock valued at $78,000 after acquiring an additional 2,500 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in abrdn Asia-Pacific Income Fund in the 4th quarter valued at $175,000. Clear Creek Financial Management LLC bought a new stake in abrdn Asia-Pacific Income Fund in the 1st quarter valued at $197,000. Finally, Guggenheim Capital LLC bought a new stake in shares of abrdn Asia-Pacific Income Fund in the 4th quarter worth about $234,000. Hedge funds and other institutional investors own 33.55% of the company's stock.

abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN:FAX traded up $0.01 during mid-day trading on Wednesday, hitting $16.05. 223,635 shares of the stock traded hands, compared to its average volume of 150,324. abrdn Asia-Pacific Income Fund, Inc. has a 52 week low of $13.99 and a 52 week high of $17.55. The firm's 50 day moving average is $15.72 and its two-hundred day moving average is $15.43.

abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were given a $0.165 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.98 annualized dividend and a yield of 12.34%.

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.