Evergreen Capital Management LLC Grows Stock Holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Evergreen Capital Management LLC grew its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 6.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,524,105 shares of the investment management company’s stock after buying an additional 293,929 shares during the period. Evergreen Capital Management LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $12,125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Koshinski Asset Management Inc. bought a new position in shares of Abrdn Asia-Pacific Income Fund in the first quarter worth about $30,000. Sar Wealth Management Group LLC bought a new position in Abrdn Asia-Pacific Income Fund in the 4th quarter worth about $31,000. CreativeOne Wealth LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the first quarter worth approximately $38,000. AE Wealth Management LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the second quarter valued at approximately $54,000. Finally, ORG Partners LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund in the first quarter valued at approximately $81,000. 33.55% of the stock is owned by hedge funds and other institutional investors.

Abrdn Asia-Pacific Income Fund Stock Performance

FAX opened at $17.51 on Monday. Abrdn Asia-Pacific Income Fund Inc has a 52 week low of $13.98 and a 52 week high of $17.55.

Abrdn Asia-Pacific Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 23rd will be paid a $0.165 dividend. The ex-dividend date is Monday, September 23rd. This is a positive change from Abrdn Asia-Pacific Income Fund’s previous monthly dividend of $0.03. This represents a $1.98 dividend on an annualized basis and a yield of 11.31%.

About Abrdn Asia-Pacific Income Fund

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.