Rockefeller Capital Management L.P. decreased its position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 33.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,050 shares of the investment management company's stock after selling 18,754 shares during the period. Rockefeller Capital Management L.P.'s holdings in Abrdn Asia-Pacific Income Fund were worth $545,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of FAX. Invesco Ltd. boosted its holdings in Abrdn Asia-Pacific Income Fund by 16.3% during the 4th quarter. Invesco Ltd. now owns 575,869 shares of the investment management company's stock valued at $8,477,000 after acquiring an additional 80,530 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $505,000. Maridea Wealth Management LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at about $416,000. Easterly Investment Partners LLC lifted its stake in shares of Abrdn Asia-Pacific Income Fund by 60.8% in the 4th quarter. Easterly Investment Partners LLC now owns 26,439 shares of the investment management company's stock valued at $389,000 after purchasing an additional 10,000 shares during the period. Finally, LPL Financial LLC grew its position in shares of Abrdn Asia-Pacific Income Fund by 42.7% in the 4th quarter. LPL Financial LLC now owns 169,537 shares of the investment management company's stock worth $2,496,000 after buying an additional 50,736 shares during the period. 33.55% of the stock is currently owned by hedge funds and other institutional investors.
Abrdn Asia-Pacific Income Fund Stock Performance
Abrdn Asia-Pacific Income Fund stock traded up $0.13 during mid-day trading on Tuesday, reaching $15.38. The stock had a trading volume of 36,445 shares, compared to its average volume of 149,363. The company has a 50-day moving average price of $15.45 and a two-hundred day moving average price of $15.12. Abrdn Asia-Pacific Income Fund Inc has a one year low of $13.99 and a one year high of $17.55.
Abrdn Asia-Pacific Income Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be paid a $0.165 dividend. This represents a $1.98 annualized dividend and a dividend yield of 12.87%. The ex-dividend date is Wednesday, April 23rd.
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.
Featured Stories
Before you consider Abrdn Asia-Pacific Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Abrdn Asia-Pacific Income Fund wasn't on the list.
While Abrdn Asia-Pacific Income Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
