Envestnet Asset Management Inc. Purchases 26,018 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Envestnet Asset Management Inc. raised its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAXGet Rating) by 7.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 382,139 shares of the investment management company’s stock after acquiring an additional 26,018 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Abrdn Asia-Pacific Income Fund were worth $1,116,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Saba Capital Management L.P. bought a new position in Abrdn Asia-Pacific Income Fund in the first quarter valued at about $34,000. TCI Wealth Advisors Inc. bought a new position in shares of Abrdn Asia-Pacific Income Fund in the second quarter worth about $29,000. Truist Financial Corp bought a new position in shares of Abrdn Asia-Pacific Income Fund in the second quarter worth about $29,000. XML Financial LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund in the second quarter worth about $30,000. Finally, Cetera Advisor Networks LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund in the first quarter worth about $43,000. Institutional investors own 21.05% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN FAX opened at $2.50 on Thursday. Abrdn Asia-Pacific Income Fund Inc has a 52 week low of $2.26 and a 52 week high of $4.13.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 22nd will be paid a $0.0275 dividend. This represents a $0.33 annualized dividend and a dividend yield of 13.23%. The ex-dividend date is Monday, November 21st.

About Abrdn Asia-Pacific Income Fund

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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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