PFG Investments LLC Grows Stock Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

PFG Investments LLC grew its holdings in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,815 shares of the investment management company’s stock after purchasing an additional 1,137 shares during the quarter. PFG Investments LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $807,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Abrdn Asia-Pacific Income Fund by 34.4% during 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 during the period. Creekside Partners bought a new position in shares of Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at approximately $154,000. Sanctuary Advisors LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at approximately $142,000. Shaker Financial Services LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter valued at approximately $516,000. Finally, Centaurus Financial Inc. bought a new position in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter valued at approximately $101,000. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Down 0.3 %

Shares of NYSEAMERICAN:FAX opened at $15.42 on Wednesday. Abrdn Asia-Pacific Income Fund Inc has a 12-month low of $14.56 and a 12-month high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be paid a $0.165 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.98 annualized dividend and a yield of 12.84%.

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.