UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 92.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the investment management company’s stock after selling 115,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FAX. AE Wealth Management LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the 2nd quarter worth approximately $54,000. Centaurus Financial Inc. purchased a new position in Abrdn Asia-Pacific Income Fund in the third quarter worth $101,000. Northwestern Mutual Wealth Management Co. grew its holdings in Abrdn Asia-Pacific Income Fund by 34.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company’s stock worth $103,000 after purchasing an additional 9,885 shares during the last quarter. Midland Wealth Advisors LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the second quarter worth $106,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at $123,000. Institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Down 0.2 %

Abrdn Asia-Pacific Income Fund stock opened at $15.24 on Friday. Abrdn Asia-Pacific Income Fund Inc has a 1-year low of $14.88 and a 1-year high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be issued a $0.165 dividend. This represents a $1.98 annualized dividend and a yield of 12.99%. The ex-dividend date of this dividend is Monday, December 30th.

Abrdn Asia-Pacific Income Fund 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.