Stratos Wealth Advisors LLC Purchases 11,555 Shares of abrdn Asia-Pacific Income Fund, Inc. $FAX

Stratos Wealth Advisors LLC grew its position in abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 6.6% in the second quarter, Holdings Channel reports. The fund owned 185,354 shares of the investment management company’s stock after acquiring an additional 11,555 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in abrdn Asia-Pacific Income Fund were worth $2,951,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Apollon Wealth Management LLC lifted its stake in shares of abrdn Asia-Pacific Income Fund by 49.6% in the 2nd quarter. Apollon Wealth Management LLC now owns 21,391 shares of the investment management company’s stock valued at $341,000 after acquiring an additional 7,096 shares during the last quarter. PFG Investments LLC lifted its stake in shares of abrdn Asia-Pacific Income Fund by 13.4% in the 2nd quarter. PFG Investments LLC now owns 74,351 shares of the investment management company’s stock valued at $1,184,000 after acquiring an additional 8,789 shares during the last quarter. Martin Capital Partners LLC bought a new position in shares of abrdn Asia-Pacific Income Fund in the 2nd quarter valued at $236,000. Jane Street Group LLC bought a new position in shares of abrdn Asia-Pacific Income Fund in the 1st quarter valued at $170,000. Finally, Amundi lifted its stake in shares of abrdn Asia-Pacific Income Fund by 12.4% in the 1st quarter. Amundi now owns 1,005,906 shares of the investment management company’s stock valued at $15,823,000 after acquiring an additional 110,850 shares during the last quarter. 33.55% of the stock is currently owned by institutional investors.

abrdn Asia-Pacific Income Fund Trading Up 0.5%

Shares of FAX opened at $15.25 on Friday. abrdn Asia-Pacific Income Fund, Inc. has a 52 week low of $13.99 and a 52 week high of $17.02. The stock has a fifty day moving average of $16.26 and a 200-day moving average of $15.86.

abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 24th will be given a dividend of $0.165 per share. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date of this dividend is Friday, October 24th.

About abrdn Asia-Pacific Income Fund

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.