PI Global Investments
Hedge Funds

National Asset Management Inc. Trims Stock Holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)


National Asset Management Inc. trimmed its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAXGet Rating) by 78.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,497 shares of the investment management company’s stock after selling 721,219 shares during the period. National Asset Management Inc.’s holdings in Abrdn Asia-Pacific Income Fund were worth $651,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FAX. Allspring Global Investments Holdings LLC purchased a new stake in Abrdn Asia-Pacific Income Fund in the fourth quarter worth $12,495,000. Evergreen Capital Management LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter worth $5,531,000. Shaker Financial Services LLC grew its stake in shares of Abrdn Asia-Pacific Income Fund by 180.9% in the fourth quarter. Shaker Financial Services LLC now owns 1,114,168 shares of the investment management company’s stock worth $4,256,000 after acquiring an additional 717,580 shares during the last quarter. LPL Financial LLC grew its stake in shares of Abrdn Asia-Pacific Income Fund by 16.7% in the fourth quarter. LPL Financial LLC now owns 2,901,296 shares of the investment management company’s stock worth $11,083,000 after acquiring an additional 414,489 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV purchased a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter worth $1,079,000. 20.38% of the stock is owned by hedge funds and other institutional investors.

Abrdn Asia-Pacific Income Fund Price Performance

NYSEAMERICAN FAX opened at $2.70 on Wednesday. Abrdn Asia-Pacific Income Fund Inc has a 12 month low of $2.62 and a 12 month high of $4.39.

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 22nd will be paid a $0.0275 dividend. The ex-dividend date of this dividend is Thursday, July 21st. This represents a $0.33 dividend on an annualized basis and a dividend yield of 12.22%.

Abrdn Asia-Pacific Income Fund Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding FAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAXGet Rating).

Institutional Ownership by Quarter for Abrdn Asia-Pacific Income Fund (NYSEAMERICAN:FAX)



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