PFG Investments LLC Lowers Position in abrdn Asia-Pacific Income Fund, Inc. $FAX

PFG Investments LLC trimmed its holdings in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 44.1% in the third quarter, Holdings Channel reports. The firm owned 41,545 shares of the investment management company’s stock after selling 32,806 shares during the period. PFG Investments LLC’s holdings in abrdn Asia-Pacific Income Fund were worth $677,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FAX. IFG Advisory LLC purchased a new position in abrdn Asia-Pacific Income Fund during the second quarter worth about $166,000. Jane Street Group LLC purchased a new stake in shares of abrdn Asia-Pacific Income Fund in the 1st quarter valued at approximately $170,000. Fisher Asset Management LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund in the 2nd quarter worth approximately $187,000. Moors & Cabot Inc. lifted its holdings in shares of abrdn Asia-Pacific Income Fund by 18.7% in the 2nd quarter. Moors & Cabot Inc. now owns 15,306 shares of the investment management company’s stock worth $244,000 after acquiring an additional 2,416 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its position in shares of abrdn Asia-Pacific Income Fund by 25.3% during the 3rd quarter. CoreCap Advisors LLC now owns 15,040 shares of the investment management company’s stock worth $245,000 after purchasing an additional 3,040 shares during the period. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

abrdn Asia-Pacific Income Fund Trading Down 0.1%

abrdn Asia-Pacific Income Fund stock opened at $15.50 on Tuesday. abrdn Asia-Pacific Income Fund, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $16.90. The firm has a 50 day moving average price of $15.33 and a 200 day moving average price of $15.78.

abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be issued a $0.165 dividend. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date is Friday, January 23rd.

abrdn Asia-Pacific Income Fund Company Profile

The abrdn Asia-Pacific Income Fund is a closed-end management investment company listed on the NYSE American under the ticker FAX. The fund seeks to provide total return by focusing primarily on current income and secondarily on capital appreciation through a diversified portfolio of Asia-Pacific securities.

Its investment portfolio is concentrated in dividend-paying equity securities of companies domiciled or operating in the Asia-Pacific region, excluding Japan. The fund may invest in common stocks, real estate investment trusts (REITs), depositary receipts, convertible securities and derivatives.