Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAXGet Rating) by 16.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,827 shares of the investment management company’s stock after purchasing an additional 24,511 shares during the period. Baird Financial Group Inc.’s holdings in Abrdn Asia-Pacific Income Fund were worth $519,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Penserra Capital Management LLC purchased a new position in Abrdn Asia-Pacific Income Fund during the 1st quarter valued at about $9,956,000. Shaker Financial Services LLC increased its holdings in Abrdn Asia-Pacific Income Fund by 4.6% during the 1st quarter. Shaker Financial Services LLC now owns 1,165,129 shares of the investment management company’s stock valued at $3,938,000 after acquiring an additional 50,961 shares in the last quarter. Bank of America Corp DE increased its holdings in Abrdn Asia-Pacific Income Fund by 14.4% during the 1st quarter. Bank of America Corp DE now owns 971,080 shares of the investment management company’s stock valued at $3,282,000 after acquiring an additional 122,043 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in Abrdn Asia-Pacific Income Fund during the 1st quarter valued at about $2,553,000. Finally, Commonwealth Equity Services LLC increased its holdings in Abrdn Asia-Pacific Income Fund by 0.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 737,766 shares of the investment management company’s stock valued at $2,154,000 after acquiring an additional 5,475 shares in the last quarter. Institutional investors and hedge funds own 21.05% of the company’s stock.

Abrdn Asia-Pacific Income Fund Trading Down 0.8 %

NYSEAMERICAN:FAX opened at $2.49 on Monday. Abrdn Asia-Pacific Income Fund Inc has a twelve month low of $2.26 and a twelve month high of $4.13.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 22nd will be issued a dividend of $0.0275 per share. The ex-dividend date is Monday, November 21st. This represents a $0.33 dividend on an annualized basis and a dividend yield of 13.25%.

Abrdn Asia-Pacific Income Fund Company Profile

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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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Institutional Ownership by Quarter for Abrdn Asia-Pacific Income Fund (NYSEAMERICAN:FAX)

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