Sanctuary Advisors LLC Invests $142,000 in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Sanctuary Advisors LLC acquired a new stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 55,285 shares of the investment management company’s stock, valued at approximately $142,000.

Several other hedge funds have also added to or reduced their stakes in FAX. Koshinski Asset Management Inc. acquired a new stake in Abrdn Asia-Pacific Income Fund during the 1st quarter worth approximately $30,000. CreativeOne Wealth LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the first quarter valued at approximately $38,000. AE Wealth Management LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the second quarter worth $54,000. ORG Partners LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the first quarter worth $81,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Abrdn Asia-Pacific Income Fund by 34.4% in 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 acquiring an additional 9,885 shares in the last quarter. Institutional investors and hedge funds own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Up 0.7 %

Shares of NYSEAMERICAN FAX opened at $16.98 on Tuesday. Abrdn Asia-Pacific Income Fund Inc has a 1-year low of $13.98 and a 1-year high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

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

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.