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

Nwam LLC reduced its stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 31.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,282 shares of the investment management company’s stock after selling 10,456 shares during the period. Nwam LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter worth about $37,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the third quarter valued at approximately $55,000. Centaurus Financial Inc. acquired a new stake in Abrdn Asia-Pacific Income Fund during the third quarter worth approximately $101,000. Calamos Advisors LLC purchased a new stake in Abrdn Asia-Pacific Income Fund in the 4th quarter worth approximately $162,000. Finally, Apollon Wealth Management LLC purchased a new stake in Abrdn Asia-Pacific Income Fund in the 4th quarter worth approximately $170,000. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Price Performance

Shares of Abrdn Asia-Pacific Income Fund stock opened at $15.59 on Friday. Abrdn Asia-Pacific Income Fund Inc has a fifty-two week low of $14.56 and a fifty-two week high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.165 per share. The ex-dividend date was Friday, February 21st. This represents a $1.98 annualized dividend and a yield of 12.70%.

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.