Benjamin Edwards Inc. Reduces Stock Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Benjamin Edwards Inc. cut its stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 13.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,743 shares of the investment management company’s stock after selling 10,608 shares during the period. Benjamin Edwards Inc.’s holdings in Abrdn Asia-Pacific Income Fund were worth $1,027,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FAX. Golden State Wealth Management LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter worth approximately $37,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter worth $55,000. Tower Research Capital LLC TRC grew its position in shares of Abrdn Asia-Pacific Income Fund by 641.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company’s stock valued at $58,000 after acquiring an additional 3,387 shares during the period. Calamos Advisors LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter worth $162,000. Finally, Apollon Wealth Management LLC bought a new position in Abrdn Asia-Pacific Income Fund in the 4th quarter worth $170,000. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Asia-Pacific Income Fund Price Performance

FAX stock opened at $15.34 on Friday. The company’s fifty day moving average price is $15.43 and its 200-day moving average price is $15.14. 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 business also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd were given a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a dividend yield of 12.91%. The ex-dividend date of this dividend was Wednesday, April 23rd.

Abrdn Asia-Pacific Income Fund Profile

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.