IFG Advisory LLC Sells 17,771 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

IFG Advisory LLC lessened its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 18.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,231 shares of the investment management company’s stock after selling 17,771 shares during the period. IFG Advisory LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Matisse Capital bought a new position in Abrdn Asia-Pacific Income Fund during the second quarter valued at $753,000. Cetera Advisors LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the first quarter worth about $516,000. Family Firm Inc. lifted its stake in Abrdn Asia-Pacific Income Fund by 8.6% in the first quarter. Family Firm Inc. now owns 717,997 shares of the investment management company’s stock worth $2,010,000 after purchasing an additional 56,924 shares during the last quarter. Calamos Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the second quarter valued at approximately $123,000. Finally, Virtu Financial LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund during the first quarter valued at approximately $124,000. 33.55% of the stock is owned by hedge funds and other institutional investors.

Abrdn Asia-Pacific Income Fund Stock Up 0.7 %

FAX opened at $2.83 on Tuesday. Abrdn Asia-Pacific Income Fund Inc has a 52-week low of $2.33 and a 52-week high of $2.90.

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.0275 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 11.66%. The ex-dividend date was Friday, August 23rd.

Abrdn Asia-Pacific Income Fund Company 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.