2,500 Shares in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Purchased by Golden State Wealth Management LLC

Posted by Donna Armstrong on Feb 12th, 2025

Golden State Wealth Management LLC bought a new stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,500 shares of the investment management company’s stock, valued at approximately $37,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the second quarter worth $142,000. Shaker Financial Services LLC acquired a new stake in Abrdn Asia-Pacific Income Fund in the 3rd quarter worth about $516,000. Centaurus Financial Inc. purchased a new stake in Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at about $101,000. Garner Asset Management Corp increased its stake in shares of Abrdn Asia-Pacific Income Fund by 33.5% during the 3rd quarter. Garner Asset Management Corp now owns 55,884 shares of the investment management company’s stock valued at $972,000 after acquiring an additional 14,009 shares during the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter worth about $1,398,000. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Asia-Pacific Income Fund Price Performance

Abrdn Asia-Pacific Income Fund stock opened at $15.50 on Wednesday. Abrdn Asia-Pacific Income Fund Inc has a 1 year low of $14.56 and a 1 year high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were paid a $0.165 dividend. This represents a $1.98 annualized dividend and a dividend yield of 12.77%. The ex-dividend date of this dividend was Friday, January 24th.

About Abrdn Asia-Pacific Income Fund

(Free Report)

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.