Allspring Global Investments Holdings LLC decreased its stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 59.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,560,292 shares of the investment management company's stock after selling 2,259,753 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.63% of Abrdn Asia-Pacific Income Fund worth $4,228,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of FAX. Raymond James & Associates raised its holdings in shares of Abrdn Asia-Pacific Income Fund by 51.0% in the 1st quarter. Raymond James & Associates now owns 262,835 shares of the investment management company's stock valued at $888,000 after purchasing an additional 88,820 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Abrdn Asia-Pacific Income Fund by 15.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,038 shares of the investment management company's stock valued at $233,000 after buying an additional 9,231 shares during the last quarter. Cetera Advisor Networks LLC acquired a new stake in Abrdn Asia-Pacific Income Fund in the first quarter valued at $43,000. Private Advisor Group LLC lifted its holdings in Abrdn Asia-Pacific Income Fund by 95.2% during the 1st quarter. Private Advisor Group LLC now owns 192,399 shares of the investment management company's stock worth $650,000 after buying an additional 93,853 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter worth about $518,000. Institutional investors and hedge funds own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Price Performance
FAX stock traded down $0.03 during midday trading on Friday, reaching $2.57. 812,412 shares of the company were exchanged, compared to its average volume of 789,553. Abrdn Asia-Pacific Income Fund Inc has a 1-year low of $2.33 and a 1-year high of $2.84.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be given a $0.0275 dividend. The ex-dividend date is Monday, April 22nd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 12.84%.
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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