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

Winch Advisory Services LLC decreased its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 82.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,433 shares of the investment management company’s stock after selling 11,750 shares during the quarter. Winch Advisory Services LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $42,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Cetera Advisors LLC acquired a new position in Abrdn Asia-Pacific Income Fund during the 1st quarter valued at approximately $516,000. Evergreen Capital Management LLC boosted its position in Abrdn Asia-Pacific Income Fund by 6.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company’s stock valued at $12,125,000 after purchasing an additional 293,929 shares during the period. Matisse Capital acquired a new position in Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at approximately $753,000. Northwestern Mutual Wealth Management Co. boosted its position in Abrdn Asia-Pacific Income Fund by 34.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company’s stock valued at $103,000 after purchasing an additional 9,885 shares during the period. Finally, Creekside Partners acquired a new position in Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at approximately $154,000. Institutional investors and hedge funds own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Up 0.7 %

NYSEAMERICAN:FAX opened at $16.98 on Tuesday. Abrdn Asia-Pacific Income Fund Inc has a 12-month low of $13.98 and a 12-month high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 24th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.98 dividend on an annualized basis and a yield of 11.66%.

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.