Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC cut its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 4.2% during the first quarter, Holdings Channel reports. The institutional investor owned 120,433 shares of the investment management company’s stock after selling 5,340 shares during the period. EP Wealth Advisors LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Family Firm Inc. grew its holdings in shares of Abrdn Asia-Pacific Income Fund by 8.6% during the first quarter. Family Firm Inc. now owns 717,997 shares of the investment management company’s stock worth $2,010,000 after purchasing an additional 56,924 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Abrdn Asia-Pacific Income Fund by 3.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 404,916 shares of the investment management company’s stock worth $1,134,000 after purchasing an additional 15,316 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Abrdn Asia-Pacific Income Fund by 8.7% during the first quarter. Private Advisor Group LLC now owns 271,165 shares of the investment management company’s stock worth $759,000 after purchasing an additional 21,713 shares during the last quarter. PFG Investments LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the first quarter worth about $697,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Abrdn Asia-Pacific Income Fund by 19.0% during the first quarter. International Assets Investment Management LLC now owns 222,641 shares of the investment management company’s stock worth $619,000 after purchasing an additional 35,477 shares during the last quarter. 33.55% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of FAX stock remained flat at $2.76 during mid-day trading on Friday. The company’s stock had a trading volume of 475,668 shares, compared to its average volume of 1,090,340. Abrdn Asia-Pacific Income Fund Inc has a 12 month low of $2.33 and a 12 month high of $2.86.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 24th will be issued a dividend of $0.0275 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 11.96%. The ex-dividend date is Wednesday, July 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.