Commonwealth Equity Services LLC Sells 12,436 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Commonwealth Equity Services LLC lowered its holdings in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX – Get Rating) by 1.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 725,330 shares of the investment management company’s stock after selling 12,436 shares during the period. Commonwealth Equity Services LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $1,827,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Spectrum Asset Management Inc. NB CA bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter valued at $28,000. Sandy Spring Bank bought a new position in Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at about $29,000. Saba Capital Management L.P. acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the 1st quarter valued at approximately $34,000. SOL Capital Management CO bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter worth $38,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 23.94% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN:FAX opened at $2.69 on Tuesday. Abrdn Asia-Pacific Income Fund Inc has a one year low of $2.26 and a one year high of $3.44.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 24th will be paid a $0.0275 dividend. The ex-dividend date is Thursday, March 23rd. This represents a $0.33 annualized dividend and a dividend yield of 12.27%.

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.