Wells Fargo & Company MN decreased its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 505,336 shares of the investment management company's stock after selling 64,596 shares during the period. Wells Fargo & Company MN owned 0.20% of Abrdn Asia-Pacific Income Fund worth $7,439,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at about $37,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at approximately $55,000. Calamos Advisors LLC bought a new position in Abrdn Asia-Pacific Income Fund during the 4th quarter worth approximately $162,000. Apollon Wealth Management LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at approximately $170,000. Finally, Mezzasalma Advisors LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at approximately $361,000. 33.55% of the stock is currently owned by institutional investors and hedge funds.
Abrdn Asia-Pacific Income Fund Stock Up 0.4 %
Shares of FAX stock traded up $0.06 on Thursday, hitting $15.33. 35,444 shares of the stock were exchanged, compared to its average volume of 150,047. Abrdn Asia-Pacific Income Fund Inc has a fifty-two week low of $13.99 and a fifty-two week high of $17.55. The business has a 50-day moving average of $15.46 and a 200 day moving average of $15.03.
Abrdn Asia-Pacific Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be issued a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a yield of 12.92%. The ex-dividend date of this dividend is Wednesday, April 23rd.
About Abrdn Asia-Pacific Income Fund
(
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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